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Thursday, December 01, 2011 9:52:00 AM
Series A Preferred Stock. The number of shares constituting the series of shares of Series A
preferred stock of the corporation with $0.01 value per share (the “Series A Preferred Shares”)
shall be 930.
and simply seems like an exercise to stack the voting deck in whatever vote is going on here:
Prior to conversion, each Series A Preferred
Share shall automatically be granted the right to vote the number of shares of common stock of
the corporation equal to the result of: (i) the number of shares of Common Shares of the
corporation issued and outstanding at the time of such vote multiplied by 6; divided by (ii) the
total number of Series A Preferred Shares issued and outstanding at the time of such vote (the
“Voting Ratio”) at any time at the option of the holders of the issued and outstanding Series A
Preferred Shares. [Voting Ratio Formula: # of Common Shares issued and outstanding x 6 ÷ # of
Series A Preferred Shares issued and outstanding = Voting Rights per each Series A Preferred
Share (i.e., 1,492,000,000 x 6 ÷ 930 = 9,625,806 Voting Rights per each Series A Preferred
Share)].
BTW, DB, it seems this fiasco is as bad as watching our Big Blue--especially with the Packers coming up next
![smile](/images/emoticon01.gif)
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