News Focus
News Focus
icon url

ST James

11/11/03 10:30 PM

#1938 RE: rhlytle #1937

What I'm saying is that the company has a legal obligation to honor the 'going effective' of those preferreds.

My source is the PR issued after the Board made the decision to issue the preferreds and the special features of those preferreds which includes the issuance of common shares if certain milestones are not achieved.

As I recall you are an attorney. Are you not persuaded of the legal certitude of this issuance?