Replies to post #825614 on BB's Stock Haven

[soupoftheday]

PGNF - "In the proposed transaction NewMarket would exchange one hundred percent of the stock of its Brazilian operating subsidiary ($11 million in profitable annual revenue) for convertible preferred stock issued by Paragon Financial. The convertible preferred stock issued to NewMarket would include supermajority voting rights equal to 90% of the total Paragon common voting rights. NewMarket would agree not to convert any of the preferred stock into common stock for a period of at least twelve months. Paragon would be renamed NewMarket Latin America. NewMarket will subsequently reorganize all its Latin America operations into NewMarket Latin America."