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ahall

09/10/15 10:44 AM

#144044 RE: bucks2pennies #144041

Agreed. If your opinion is correct the company just needs to go ahead and rip the bandaid... No more dangling of the fruit... Might look better for their books with 4million taken off... But still hoping. Got a lot coming my way if so

pitboss22

09/10/15 12:22 PM

#144058 RE: bucks2pennies #144041

It's not that simple. We are talking about DULY AUTHORIZED, ISSUED and OUTSTANDING shares in the company. ;-)

Forget the term "certs". They are SHARES of the company. They cannot simply be cancelled and ignored. The ONLY way to cancel those shares is to declare BK and cancel ALL shares, including the common. :-D

In the event of a bankruptcy, guess who is first in line for any liquidating dividend...... Yup, the Class C PREFERRED SHAREHOLDERS!

IM ROTFLMAO!!!!