In Ovations Holdings Inc. (INOH)

[DJ Ponder]

I agree with the poster that stated the preferred stock is usually a form of ownership control. It is also my understanding, that convertible preferred stock, can be converted into common stock as the rights of the preferred so state. Before the A/S is exceeded, management will HAVE TO increase the number of shares authorized. This will require a filing with the secretary of state where incorporated.

Who owns the preferred stock? Scaglione avoided that question when it was asked of him twice on the conference call.