Replies to post #10512 on UNICO INCORPORATED (AZ) (fka UNCO)

[GOLDENBOLLOX]

Or "Take Off" Agreements.

Borrowing on the back of smelter contracts.

More than one way to skin a cat.

[ronning999]

loadedgun,

Unico does not have any more shares to settle any lawsuits. Looks like an increase in OS or a RS is on the way as this paragraph is in all the CD's outstanding and some that are already in default.

Section 1.03 Reservation of Common Stock. The Company shall reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of this Debenture, such number of shares of Common Stock as shall from time to time be sufficient to effect such conversion, based on the Conversion Price. If at any time the Company does not have a sufficient number of Conversion Shares authorized and available, then the Company shall call and hold a special meeting of its stockholders within sixty (60) days of that time for the sole purpose of increasing the number of authorized shares of Common Stock.

[GOLDENBOLLOX]

Or maybe a commercial mortgage on the property.

Who knows.