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Re: hometownJOE post# 903

Friday, 09/07/2012 1:34:59 PM

Friday, September 07, 2012 1:34:59 PM

Post# of 130502
It does not state the details of who got the distribution - this filing is a notification that the Board has authorized the issuance of 2.5 million preferred shares (out of a total of 10 million potentially available) and the details of how they can be distributed and redeemed.

Note: each of the preferred shares have a voting right equivalent to 50 common shares.