Replies to post #17866 on Central Wireless Inc (CWIR)

[MichellesNotes]

Grande and Hudson can't dilute even with the preferred shares if I understand correctly. Last I heard they owned 67 percent of the preferred shares. The way its written in the papers you need the 67 percent to keep control of the vote when it comes to the preferred shares. So IMO they wont be selling a single preferred share in their possession.

Designation, Amount, and Par Value.

The preferred stock of the corporation shall be designated as "Series A Preferred Stock" (the
"Preferred Stock") and the number of shares so designated shall be 10,000,000 (Ten Million),
which shall not be subject to any amendment to the corporation's Articles of Incorporation to
increase or decrease that certain number of shares without the affirmative votes cast by not less
than 67% of the holders of the Preferred Stock. Each share of Preferred Stock shall have a par
value of $1.00 (One Dollar) per share.

Dividends and Other Distributions. A dividend of 10% (ten percent) shall be payable annually
to the holders of the Preferred Stock, unless the corporation receives a waiver by the holders
thereof as to the payment thereon, in which case, the dividends shall accrue on the books of the
corporation. No dividends shall be payable with respect to the common stock or other series of
preferred stock of any class or series while the Preferred Stock is outstanding, unless permitted
by the holders of the Preferred Stock. The dividends payable on the Preferred Stock shall be
payable prior to the declaration or payment of any dividend to the holders of common stock or
to the holders of any class of preferred stock that are junior Preferred Stock.

Voting Rights and holder Approvals. Each share of Preferred Stock shall be entitled to vote
the equivalent of 501 shares of the senior common stock of the corporation and shall be entitled
to vote on any and all matters brought to a vote of shareholders of common stock and all
matters brought to a vote of shareholders of Preferred Stock or of any other series of preferred
stock that s junior to the Preferred Stock. Furthermore, so long as any shares of Preferred Stock
are outstanding:

http://www.sos.state.co.us/biz/ViewImage.do?fileId=20141225689&masterFileId=20141225689&org.apache.struts.taglib.html.TOKEN=8b8742526706695e1776e16ce79d480f

[harvard_88]

CWIR: WOW! SO, 5 BILLION SHARES A/S IS A GOOD THING? WE had 2 billion a couple of months ago. That's a 150% increase & some can't see 'dilution' to the hilt. No one will buy for anything but a BUMP up in price with this share structure. And to be real it could still be 20-31 BILLION A/S until FINRA REPORTS.

DILUTE & REVERSE SPLIT...NAME OF THE GAME

Selling at .008 would have been a fantastic idea for anyone. Hype?????