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sevenOdouble

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sevenOdouble

Re: jimblob post# 104568

Tuesday, 04/05/2011 8:42:29 PM

Tuesday, April 05, 2011 8:42:29 PM

Post# of 172990
"As part of the proposed plan, Encounter Technologies' Music Matrix web site will be acquired by Pegasus Tel, in exchange for preferred shares of Pegasus. Those shares from Pegasus will be utilized by Encounter to fund a shareholder dividend to all Encounter shareholders."

I'm not as experienced as many on this board but aren't preferred shares restricted in the beginning?
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