>The Company has 1,578,001 shares of Preferred Stock
outstanding at June 14, 1996, including 73,000 shares of Series A Preferred
Stock, 150,000 shares of Series D Preferred Stock (to be cancelled), 3,000
shares of Series F Preferred Stock, 500,000 shares of Series K Preferred Stock,
231,000 shares of Series M Preferred Stock, 66,500 shares of Series N Preferred
Stock, 35,000 shares of Series O Preferred Stock, 267,501 shares of Preferred
Stock, and 250,000 shares of Series Q Preferred Stock. The Preferred Stock may
be issued by resolutions of the Company's Board of Directors from time to time
without any action of the stockholders. Such resolutions may authorize issuances
of such Preferred Stock in one or more series and may fix and determine dividend
and liquidation preferences, voting rights, conversion privileges, redemption
terms and other privileges and rights of the shares of each authorized series.<
The above is what ISGI filed on 6/14/96. There are 73,000 shares of Series A and 3,000 shares of Series F as of June 14, 1996 (don't know the conversion rate). You also missed 267,501 shares of Series P which will be converted to 8.9 - 17.8 million shares of common stocks.
Jeff |
