Replies to post #97560 on Laidlaw Energy Group, Inc.(fka LLEG)

[skunksyard]

the website said the mgnt shares were convertible

from website: "
Other Equity Securities Outstanding: 10 million Series A convertible preferred shares held by management. These shares afford management with a 60% majority voting control over all matters requiring a shareholder vote. The Company also currently has stock options outstanding issued to management representing 95 million shares."

the conversion has to be a high rate I would think if they did convert to have a 60% majority voting?

someone who sees the math here may be able to clear this up with an estimate if 2.4 bil - 165 mil is held in non mgnt hands.....how many do they need out there to maintain control of 60% majority voting?