Replies to post #30839 on Top Shelf Brands Holdings Corp. (DKTS)

[hedge_fun]

How dare they cancel UNREGISTERED shares.......rotflmao

BTW.....that wasn't the first protest, and it was even suggested the Series A actually existed, which is beyond ABSURD.

A Series A Preferred was issued in 2009, but that's all I saw. It was described in the 2009 10-K as follows...the 60 Preferred A shares conferred upon the 4 holders some SERIOUS voting control rights and conversion rights.:
"On December 23, 2009, the Company issued 15 shares each of its authorized Series A Convertible Preferred Stock to Dennis R. Duffy, Janis Okerlund, Esq., Daniel J. Duffy, and Norman J. Francis in consideration of their performance in fiscal 2009 and as an inducement to continue service in 2010. Sixty shares were authorized under the designation of preferences and each shares has a stated value of $1000 USD. Each share of the Series A Preferred Stock has voting rights equal to one percent (1%) of the Company’s outstanding Common Stock as of the record date for any vote of the Company’s Common Stock. Each share of the Series A Preferred Stock is convertible into one percent (1%) of the Company’s outstanding Common Stock as of the date of the notice of conversion. The Series A Preferred Stock does not accrue or be paid any dividends nor does it carry liquidation preferences over the Company’s Common Stock."

I have no idea why anyone would return those shares......they have at least some control value...without some compensation.

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