DSS Inc (DSS)

[fergusonb84]

Excellent CC summary from Phil on Freeforum:

A few notes from CC prior to questions:

- no meaningful impact on 3 rejected proposals

- 46M outstanding shares
- 7.1M in escrow
- 3.4M warrants issued

- reverse merger: irrelevant now, only if price < $2 prior to merger 'no minimum stock price requirement for continued listing' need > $6M equity, > $50M market cap, > 1.1M publicly held shares. 'comfortably above all of these thresholds'

- 2c warrant: same net result as preferred shares (not counted in market cap)

- escrow shares: 7M shares subject to cancellation

- 'financial shareholders' no long term interest, dumping... 'suffering is the operative word'

Read more: http://vringo.freeforums.net/thread/1593/dss?page=13&scrollTo=23170#ixzz2YUapxuVI