News Focus
News Focus
icon url

pitadog

01/08/12 1:55 PM

#57875 RE: fink #57873

Edited: The filing states only that the preferred A shares can have superior voting rights, but that would require an R/S to mathamaticly be of value. gl

While not stated in the filing, there is no doubt if we were to see more info, we would, imo, find that the preferred shares would not be subject to a common R/S. The company can write this clause anyway they want to...

btw: If you have time, be sure to read the Nevada SOS filings by Officer name. G. Roth and family have been very busy with converting LLC corps. to pinks via R/M. Found Mike, Patricia, Cindy Roth connected in the various companies, most of which are defunct now. Tammy has much the same resume and most recent deal is the Bio-Cleaning LLC's to a pink that is headed by Mike Roth and Tammy owns shares.

Quite a biz plan they have going. ;-)
icon url

papafishie

01/08/12 4:38 PM

#57890 RE: fink #57873

What makes you think that preferred shares have to be convertible, They could just give the owners first cuts of the profits when they occur over that of the common.

They would have their own cuspid separate from the common shares