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Thursday, January 14, 2010 3:54:43 PM
You know, we went through this exact process in early 2006 when YA paid for and got the Series C in February, and then voted the Series C on as converted basis at the subsequent shareholders meeting in June of 2006, thus ensuring (along with the votes of the O's and D's and certain misguided retail shareholders) that the required increase in the AS specified in that Investment Agreement occurred.
We've been through this before, guys. It is the same game plan.
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.
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