Replies to post #115955 on RushNet Inc (RSHN)

[MiltonTonic]

The holders of Series A Preferred Stock shall have no right to convert shares of Series A Preferred Stock to Common Stock
The holders of Series A Preferred Stock shall be entitled to receive dividends in the amount of 10% (ten percent) of the assets legally available therefor before the payment of dividends to the holders of shares of Common Stock.
https://backend.otcmarkets.com/otcapi/company/financial-report/206859/content
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Goulding has 350mil preferred shares which will pay 10% off the top IF any money is ever made. The preferred shares mainly give "voting rights" so shareholders won't have to "vote" for the reverse split.
Of course it will take years to pay off the $8mil debt should RSHN ever make anything. Deangelo has zero shares.
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Did you look at preferred shares? The board owns plenty of preferred shares..

GO RSHN
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