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hugeholstein

12/15/14 4:34 PM

#78724 RE: KlausVT #78719

No voting right on the B shares but they are convertible to a shares on 1 to 1 basis.

hugeholstein

12/15/14 4:39 PM

#78726 RE: KlausVT #78719

The B shares have no voting rights but can be converted to A shares at 1 to 1 basis. Salomon has 7 million shares currently but initially had 10 million. Long ago when he first started diluting he said during the conference call he would retire them to replace the dilution of a shares. He did that for 3 million shares and then quite. He obviously didn't think he'd need to dilute 100 million shares at the time.

Sorry for the multiple postings. Ihub phone app is being a pain today.