Replies to post #1322 on Dear Cashmere Holding Co (DRCR)

[tedpeele]

I wish you the best. I"m not sure where/when he said that but the terms say this:

SGN will acquire from the Sellers and the Additional Sellers shares of common stock and preferred stock of DRCR constituting at least 95% and up to 99% of the issued and outstanding shares of DRCR’s share capital on a fully diluted and as-converted (to common stock) basis (the “Purchased Shares”),

https://www.otcmarkets.com/filing/html?id=17844691&guid=4uL-kHkNOzCsB3h#ea021505701ex10-1_signing_htm
I may be misunderstanding this, and perhaps there is room for a lockup of shares or conversion back to preferred after the deal takes place.