Redwood Group International (RDWD)

[aml10021]

Karin, I've reread that same statement many times, and the fact that they were issued to the James Bickel and others for services rendered as bonus (per the 12/09 quarterly report section 14 subsequent events) indicates they probably have some monetary value.. therefore my concern that under some circumstances they might be convertible into common shares. It would be nice if the company clarified that they in fact are not convertible or if they are at what conversion factor (1:1 or 200:1). thanks if you have any influence with the company to have them clarify.

copied and pasted from dec 09 quarterly report from pinksheets:

Note 14 – Subsequent Events
The Board of Directors subsequently authorized the issuance of twenty five million (25,000,000)
shares of Series D Preferred Stock to James Bickel, the Company’s Chief Executive Officer,
Matthew Totty and Xiaoxin Wu, as consideration for bonus on services rendered.