InvestorsHub Logo

jonesieatl

10/09/08 8:25 PM

#149393 RE: stockBNY #149390

That particular meeting was called to raise ....

.... the Authorized Share count to 5B so YAGI would have lots of room to convert Preferred for more and more common shares without running into limitations.

As I recall , that meeting was hastily called and was much earlier in the year than the meeting normally would have taken place. They needed to give that gift to YAGI by virtue of clauses in various financings.

jonesie