Replies to post #10511 on Livechain Inc (LICH)

[Eli's Gone]

Anytime you remove convertible instruments that's a good thing with regard to fully dilutive scenarios :-)...

originally, there were 50M preferreds authorized...

in 2008, 50M Class A preferreds were created...

Lazar amended that designation down from 50M to 40M---creating a little room in the preferred structure...

Lazar then created a Class A-1 preferred with 1M authorized...

He then removed the Class A designation...

what remains is 50M preferred authorized with 1 class (A-1) designated and in play with 1M authorized...

we'll see what his future plans are with regard to the preferreds...