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Re: neomfriend post# 189818

Wednesday, 10/14/2009 11:38:02 AM

Wednesday, October 14, 2009 11:38:02 AM

Post# of 326388
YA converts shares of the Series C preferred into shares of common stock at a healthy discount, and then YA sells the common on the market for a healthy profit (but diluting us). The Series C preferred is redeemable, meaning the company can buy it back (get rid of it). By buying it back, the source of the dilution goes away.


Any legal analysis I post is not a formal legal opinion and may not be relied on by anyone for any purpose. If you want legal advice you can rely on, hire a lawyer.