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LCLiving

02/06/10 7:26 PM

#78154 RE: joelotto #78150

I'm pretty sure Dean is sitting real well here and those preferred's are just insurance against a hostile takeover. He is the CEO and I don't think Dean ever intended to do this for nothing.
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Infinitygold

02/06/10 7:30 PM

#78155 RE: joelotto #78150

Totally incorrect:

I'm starting to wonder if the increase in OS was from Dean converting his preferred shares into 50+% of the current OS.


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Infinitygold

02/06/10 7:34 PM

#78158 RE: joelotto #78150

Dean is doing this for nothing he has power in terms of voting and $50k of shares in QASP:

Prior to conversion the preferred shares will represent seventy percent of the voting class of stock



http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=21264