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paulbk

08/26/15 1:36 PM

#52509 RE: capt AL #52508

They have not converted yet and may never. He has essentially increased the conversion number to compensate for the increased outstanding. In my haste to get this over with I made a mistake. New conversion number is 1.2 but they are not converted. He can vote that many shares.
There are no missing shares. When you see that the number of series g outstanding has been reduced from 4 million, then a conversion would have taken place. Until that number is reduced, no conversions.