Replies to post #10082 on Sunset Island Group Inc (SIGO)

[saladbar]

Which means even if they do convert them back to common shares say a year from now, they're still restricted for another 3 years!!

"However, any common stock received as part of the conversion shall be restricted for 36 months from the date of conversion,"

[beenfatt]

Here is what it says:


III. LIQUIDATION PREFERENCE
The Series A Preferred shall have no liquidation preference over any other class of stock

IV. VOTING RIGHTS
Except to the extent otherwise required by applicable Law, each holder of outstanding shares of Series A Preferred Stock shall be
entitled to the number of votes equal to the number of whole shares of Common Stock

V. DIVIDEND RIGHTS
In the event that any cash dividend on the Common Stock is declared by the Board, the Board shall simultaneously declare a dividend
for each share of Series A Preferred Stock in an amount equal to the product of (i) the per share dividend declared and to be paid in
respect of each share of Common Stock

VI. CONVERSION RIGHTS
Any common stock received as part of the conversion shall be restricted for 36 months from the date of conversion


https://www.sos.state.co.us/biz/ViewImage.do?fileId=20171622559&masterFileId=20051365777

[mgazel]

Yep, caution is the word but seems all will be good imho..