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Technology Stocks : BIFS ... Patented Environmental Cleanup and Low Float Co.
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To: scion who wrote (295)3/31/2001 3:51:23 PM
From: scion  Read Replies (1) of 381
 
The Company is not authorized to issue shares of preferred stock. Holders of
shares of common stock are entitled to one vote for each share on all matters to
be voted on by the stockholders. Holders of common stock have no cumulative
voting rights. Holders of shares of common stock are entitled to share ratably
in dividends, if any, as may be declared, from time to time by the Board of
Directors in its discretion, from funds legally available therefor. In the event
of liquidation, dissolution or winding up of the Company, the holders of shares
of common stock are entitled to share, pro rata, all assets remaining after
payment in full of all liabilities.

Holders of common stock have no preemptive rights to purchase the Company's
common stock. There are no conversion rights or redemption or sinking fund
provisions with respect to the common stock. All of the outstanding shares of
common stock are validly issued, fully paid and non-assessable. The Company has
not authorized any Preferred stock, Convertible stock, or Warrants as of the
date of this filing.

secinfo.com
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