Replies to post #94779 on Green Leaf Innovations Inc (GRLF)

[specul8r]

WRONG! Read the last Q... there are only 41mm preferred shares remaining! As far as 100mm authorized...no additional preferred shares were issued and if any do get issued they will have a minimum 12 month hold on them (Rule 144)

[Warmy]

Not correct. There are only 41mil series E shares issued and outstanding.

Preferred stock - par value $.01, 100,000,000
and 5,000,000 shares authorized respectively:
41,000,000 and 2,000,000 shares issued
and outstanding respectively

The precedence that you are referring to is to the issuance of shares, meaning that the preferred shares must be issued before common. That has nothing to do with the selling of common shares. Also, preferred shares can't be sold directly to the market. They must be converted to common before selling. After conversion, they have the same priority as all other common shares.