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Replies to post #125217 on Cal-Bay International Inc (CBYI)

Replies to #125217 on Cal-Bay International Inc (CBYI)
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janice shell

03/27/14 8:20 PM

#125222 RE: librab103 #125217

What? Not at all. And his name is Pawson.
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janice shell

03/27/14 8:34 PM

#125238 RE: librab103 #125217

No he would not. Voting power and conversion rights are entirely separate issues. Voting rights give the owner control of the company, because one share of Preferred C represents 1 million shares of common. But that is ONLY for voting purposes.

One share of Preferred Class C, if the owner elects to convert, will be converted into 1000 shares of common.