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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (1656)1/27/1998 8:19:00 AM
From: Kip518  Read Replies (2) of 18691
 
WDRY has just filed a 14A for a special stockholder meeting for voting on an increase in authorized shares. Shareholders are asked to:

(1) To consider and vote upon a proposal to amend the Company's Third Amended and Restated Certificate of Incorporation to increase the number of the Company's authorized Class A Common Stock from 15,000,000 to 30,000,000 shares; and

(2) To consider and vote upon a proposal to amend the Company's Third
Amended and Restated Certificate of Incorporation to increase the number of the Company's authorized Series Preferred Stock, par value
$.01 per share from 1,000,000 to 10,000,000 shares.

Looks like WDRY is going to start using equity for acquistions and they seem to be in a hurry.

freeedgar.com
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