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horst

09/17/20 9:22 AM

#9357 RE: spss1 #9354

Let me clarify - I think we agree on this: when I referenced the Certificate of Designation, I routinely included a general definition of what that form can mean since many traders have never heard of it. And as I said routinely, the document pertains to the issuance *or transfer* of preferred stock. When there's a merger, it's a transfer/sale of the control bloc, not a new issuance, and since there was no increase in preferred shares at NVSOS, that's one of the reasons I instantly thought that the control bloc had been transferred, which would mean that the merger closed.

But here we are four days later with no 8-K. So this leaves a couple of possibilities: 1) the control bloc was transferred but for some reason the deal didn't close that day, i.e. it wasn't considered day #1 of 4 to get the 8-K. Maybe for whatever reasons they did that bit of preferred share business first. 2) There were indeed new preferred shares issued but those shares are not yet reflected at NVSOS. This would be weird, though, since NVSOS *just had an update* related to share structure the day before the Certificate of Designation. So it's all a mystery to me. There's a discrepancy somewhere. If indeed no new preferred stock was issued, then that means Lazar's preferred stock was transferred, but then where's the 8-K? I'm at a loss.