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Surwin

05/10/23 9:35 AM

#25591 RE: The Penny Preacher #25585

we can find some encouragement in the fact that the page you posted also proves that Validian has not secretly increased or decreased the Authorized Limit or the Float in an effort to dilute the value of our stock



That is not true since it only addresses common stock. It does not address all the convertible preferred stock, convertible bonds, and convertible notes, and I image any increase in these instruments since the last financials were published. It also does not address the preferred status of these instruments in the event of a liquidation, but there is nothing to liquidate so it does not matter. FYI.