it means there are three classes of stock....1) the preferred (which we dont have); 2) the "common" being what we have now and 3) the "new class" which will be distributed to people who were shareholders on 12/31/2011 (maybe its the 30th)...if you were a shareholder on that date you will get 1 share of "new class" stock for every 10 shares of "common" you held on the 12/11 date....least that's my understanding...
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