Re: Legend
While reading their 8K, I noticed the following:
"Liquidation Preference. The Preferred Shares have a
liquidation preference as to dividends, distributions and
payments on liquidation, dissolution or winding up of Registrant
senior to Common Stock, senior to other capital stock if
permitted by the terms of such other capital stock, in parity
with such capital stock if permitted by the terms of such capital
stock or, if not so permitted, junior to such capital stock, and
senior to all new series of any class of Registrant's capital
stock, except for capital stock which may be issued in the future
to Beijing Legend Group, Ltd."
Perhaps something will still happen with their joint venture.
Regards - Dale |
