InvestorsHub Logo
Followers 23
Posts 5673
Boards Moderated 0
Alias Born 05/17/2010

Re: JustAnotherPenny post# 7977

Sunday, 06/26/2011 1:55:28 PM

Sunday, June 26, 2011 1:55:28 PM

Post# of 8333
Another point, they are taking over the management not ownership- even if they convert 100% of their preferred shares they still only control 2.5% of the common shares. Mahoney is and will continue to be the largest owner of IVOI (soon to be Hydra) shares

Plus they absolutely need to keep 51% of the voting shares otherwise they will get fired

They R/S the common they must R/S the preferred also- not in their interests and Mahoney won't R/S ; not in his interests

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.