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wadirum1

01/13/23 3:21 PM

#208019 RE: bar1080 #208018

Thanks!
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shajandr

01/13/23 8:17 PM

#208029 RE: bar1080 #208018

"I don't think the acquirer could go wrong just stating the facts in plain English (i.e. "We own 34.4% of the common stock in subsidiary XYZ") "

Welp, yes they could go wronGGG.

Por ejemplo, that statement may omit one of more classes of preferred stock with voting privileges, sometimes supervoting rights. If so, it wood bee misleading.

WarrenCorp owns 34.4 percent of the common stock in XYZ Inc, butt Scam Bankster-Fraud owns 100 shares of XYZ Inc. preferred Class A which controls 90 percent of all total (common equivalent) votes via supervoting rights.

Ergo, WarrenCorp does not even have enuff "ownership" (i.e., CONtrol) to call XYZ Inc. a subsidiary.

IMO. CONvertible preferred and all preferred with voting rights ought to be spelt ~OUTT in a cap table in each filing with voting rights shown - including in the TA reports. AND CONvertible preferred included for market cap calculations on the basis of full CONversion to common.