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Thursday, March 22, 2012 12:54:29 PM
you said: 2. Responsibly raise funds through currently available financing instruments (convertible debt), take advantage of the currently existing opportunities and make the company profitable again.
Yet: 2. 4,499,998 shares of its common stock to pay dividends on the Series A Convertible Preferred Stock.
Why do we have to pay for the dividends on the series A preferred stock?
Should the company not first show a profit before dividends are paid to anyone?
Regards,
MAX
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