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Replies to post #86501 on $Stock*Shop*Charts*News*Option$

Replies to #86501 on $Stock*Shop*Charts*News*Option$
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Stock Lobster

06/14/07 7:22 AM

#86502 RE: skeen #86501

I always like these, too: "There is no upper limit on the number of shares that may be issued which will have the effect of further diluting the proportionate equity interest and voting power of all holders of our common stock."

RISKS RELATING TO OUR COMMON STOCK:

OUR BOARD OF DIRECTORS CAN ISSUE PREFERRED STOCK WITHOUT STOCKHOLDER CONSENT AND DILUTE OR OTHERWISE SIGNIFICANTLY AFFECT THE RIGHTS OF EXISTING STOCKHOLDERS.
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Stock Lobster

06/14/07 7:23 AM

#86504 RE: skeen #86501

Well, that's because it's not a sure thing. For example, the earth could be hit by a meteor first, eliminating their need to dilute!
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Stock Lobster

06/14/07 7:30 AM

#86506 RE: skeen #86501

What's amazing is that anyone even buys a stock that has those kind of statements in the filings...

daytrade maybe, invest? nuts!

cuz that's not just the typical 'bad things could happen' speech which they always need to include. That is saying, in so many words, that they will issue millions and millions of shares whenever they feel like it, and it will make the PPS go down.