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Slojab

04/22/21 2:14 PM

#38180 RE: corn #38179

Right. Until they're converted which he can do "immediately" if he chooses to, according to Note 3.

It could also be said it's for control in the event of a takeover but then, he and his fellow officers already have a control block and they can do whatever they want to. That's why TWOH will never have a shareholder meeting to vote on any issue that comes up.