InvestorsHub Logo
icon url

truthhurts

10/22/07 9:13 PM

#54623 RE: nearlynapping #54620

With a lottery ticket

you actually possess a chance of winning. This is more like sitting in on a rigged game where to whom the winning hands are dealt to and how much is in the each pot is been decided in advance with the principals.

I noticed in my reading that when the last expansion of the share ceiling occurred a vote took place to authorize a class of 50,000,000 preferred shares. I would not be surprised to see them used in an attempt to raise capital. It does not require a shareholder vote to issue them.