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Friday, September 21, 2012 7:05:27 PM
It is my understanding that the company is preparing a rights offering that will allow each existing investor of record as of December 1, 2012 to purchase shares in an amount currently held by that Investor as of December 1, 2012 of record the same amount of 144 restricted shares (i.e. cannot be sold for 1 year) as a discount from the market of 10% on the date of closing of the shares when the right is exercised. Insiders will be forbidden from purchasing these right offerings and they will be available only to the investor community. The Rights will have an period of 12 months from the date of issue.
For Example if you own 1 million shares you will have a right during a 12 month period to buy directly from the Company 1 million shares at a discount of market of 10% from the trading value of the shares.
The company had taken this step to show our serious attitude toward our company's retail investors.
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