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ypsiCPA

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ypsiCPA

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Re: None

Thursday, 10/27/2005 8:31:01 AM

Thursday, October 27, 2005 8:31:01 AM

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Private Placement - New Convertible Preferred

"The preferred shares mature on October 27, 2008, at which time the Company has the option to redeem the shares at their issue price or convert the preferred shares to common shares at 90% of the date of maturity market price."

Could be nasty, holder has incentive to manipulate the market here.
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