QSGI, Inc.(fka QSGI)

[Kharybdis]

It is "Convertible Preferred" which enjoys priority standing over common in any regard. Doesn't matter whether it is a r/m, reorg or liquidation. Let's just make sure when new investors have questions about a company and we offer them information about that company that the information volunteered is correct. You said there was no preferred, the SEC filied financials say there are "convertible preferreds".

What does the DD tell us about the $3 million in negative equity before consideration of the $14 million in intangibles that I mentioned in my earlier post?

http://www.sec.gov/Archives/edgar/data/27960/000095015909001274/qsgi10qq109.htm