InvestorsHub Logo
icon url

harr449

05/02/08 4:32 PM

#16436 RE: icurnonittwo #16435

'icurnonittwo, don't think AS were reduced by RS, do you?
icon url

harr449

05/02/08 4:40 PM

#16437 RE: icurnonittwo #16435

icurnonittwo, remember now. Dewey increased AS to cover

Series A preferred share conversions to common shares. Series A were intended for Coin Wash Associates financing. Coin Wash never grew like Dewey implied it would. In fact, Dewey shut down operations months after starting the business. That was a very strange move. Was supposed to be very profitable if I remember correctly.