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Re: Masterlu post# 73535

Tuesday, 07/10/2012 10:08:32 AM

Tuesday, July 10, 2012 10:08:32 AM

Post# of 232507
As I understand it, the preferred shares are convertable to common shares with voting rights. Furthermore, the number of shares after conversion gives him nearly a 50% stake in the company. Add that to the shares he is assumed to be acquiring on the open market and he could assume control of the company. A poison pill to any hostile takeover attempt or power play from an external entity.