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Tuesday, May 15, 2012 3:44:48 PM
Could the CEO simply converted his shares to preferred stock WITHOUT super voting rights? sure.
It's a pretty crappy thing to do, IMO (that means "In My Opinion")
Of course, the counter-argument here is that it was done out of the goodness of management's heart so as to not increase the O/S. Some may believe that.
All posts are my own opinion and should not be construed as a suggestion to anyone. Trade at your own risk, and I'll trade at mine. Have a great day!!
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