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Replies to post #1745 on Paragon Shipping Inc. (PRGNF)
Batman68
11/16/16 5:28 PM
#1746 RE: TheInvincibleBull #1745
11/16/16 7:32 PM
#1747 RE: TheInvincibleBull #1745
mightymoe
12/03/16 11:25 AM
#1790 RE: TheInvincibleBull #1745
(s) Equity Capitalization . As of November 9, 2016, the authorized capital stock of the Company consists of (i) 750,000,000 Common Shares, of which, 6,942,429 are issued and outstanding and no shares are reserved for issuance pursuant to Convertible Securities (as defined below) (other than the Note and a convertible note dated June 17, 2016 issued to Kyros Investments Ltd.), (ii) 5,000,000 Class B common shares, of which none are issued and outstanding, and (iii) 25,000,000 shares of preferred stock, of which, none are issued and outstanding. No Common Shares are held in treasury. All of such outstanding shares are duly authorized and have been, or upon issuance will be, validly issued and are fully paid and non-assessable. To the Company’s knowledge, approximately 738,134 shares of the Company’s issued and outstanding Common Shares on the date hereof are owned by Persons who are “affiliates” (as defined in Rule 405 of the 1933 Act and calculated based on the assumption that only executive officers, directors and holders of at least 10% of the Company’s issued and outstanding Common Shares are “affiliates” without conceding that any such Persons are “affiliates” for purposes of federal securities laws) of the Company or any of its Subsidiaries. To the Company’s knowledge, except for entities affiliated with the officers and directors of the Company or as disclosed in the Public Reports, no Person owns 10% or more of the Company’s issued and outstanding Common Shares