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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!
DGIV 0.00Dec 5 4:00 PM EST
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To: Secret_Agent_Man who wrote (27406)9/27/1998 1:53:00 PM
From: Moonglow  Read Replies (1) of 50264
 
You are right. The letter does just talk about the authorization of shares, and it does seem as though the common might just be being divided into two different classes....voting and non-voting.

However, that still leaves the proposed authorization of 50 million preferred shares.....IF the meeting takes place. Why wouldn't it take place since the letter Sandman received was dated 9/24 and the meeting is supposed to be on 10/5? Not too much time.

However, if the new preferred shares are authorized, then I would assume that eventually they would be issued.

And this next question is for anybody....but why would the common be divided into 1/2 voting and 1/2 non-voting? Who would get the non-voting shares? And why would anybody WANT non-voting shares unless they were an insider who already held more than 1/2 the shares?

Juanita

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