Redwood Group International (RDWD)

[MinnieM]

Just got a note from the company verifying there are no conversion rights for the Preferred D shares.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=28884

The following statement from the filing is correct:

Series D Preferred Stock - The Company has 100,000,000 shares of preferred stock authorized, of which 25,000,000 shares are designated as Series D Preferred Stock, of which no shares are issued and outstanding as of December 31, 2009. The Series D Preferred Stock has voting rights with each share being entitled to the voting equivalent of 200 shares of common stock.