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fringe_remnant

06/06/09 10:20 PM

#153576 RE: EDDIEHAZEL #153573

The Preferreds

Would have been required chattel against financing, as 1000:1 convertibles no less (some financing that must have been).

If they were sold it was because he was forced to cough up his company on default of loan.

Any other reason and the man is totally wacky. You don't throw the baby out with the bathwater unless you are terribly desperate.

fringe
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669

06/07/09 8:11 AM

#153621 RE: EDDIEHAZEL #153573

Those toiletpaper shares you speak of earned me a nice trip to the bank,watch what happens first thing monday morning,you will be suprised...jmho
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Phoenix-Rising

06/07/09 9:07 AM

#153624 RE: EDDIEHAZEL #153573

Do the preffered also get a larger % of the bottom line revenue? In the form of cash dividends?