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Re: SevenTenEleven post# 185435

Friday, 10/21/2011 11:15:57 AM

Friday, October 21, 2011 11:15:57 AM

Post# of 221984
wrong .. nothing has been proven, no shares have been registered - no shares have been issued for distribution

The annual non-cumulative dividend preference for both Series A and Series B Preferred Stock is 3% of the respective liquidation preference.

share holders get nothing ... share holders are earning NOTHING

What Does Noncumulative Mean?
A type of preferred stock that does not pay the holder any unpaid or omitted dividends. If the corporation chooses to not pay dividends in a given year, the investor does not have the right to claim any of those forgone dividends in the future.

Read more: http://www.investopedia.com/terms/n/noncumulative.asp#ixzz1bQhMhhJA

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