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Fire Lane

10/21/12 4:46 PM

#112339 RE: Snizzle #112336

and it states properly that the as can be uincreased upon vote of shareholders anytime even before july 2014 and it also affirms the voting rights of the preferred holders having 10000 for 1 common votes. thats 10 billion votes which no one can beat

Red_Wolf

10/21/12 5:56 PM

#112362 RE: Snizzle #112336

It states, the share structure is locked until 2014 leaving ZERO room to convert any preferreds as they can ONLY(key word ..only) be converted if there is room under the A/S.



There is room under the A/S.

The A/S is 2.4 Billion while the O/S is 2,362,355,947.
That leaves 34,644,053 common shares under the A/S.

;-)