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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (66358)	1/28/2001 9:54:21 AM
From: LTK007	Read Replies (1) \| Respond to of 122087

from 1/26 pre 14A filing by IRSN--do you consider this a flood of stock? i have seen MUCH worse.I respectfully disagree with your term "FLOOD" <<<<Common Stock (60,000,000 shares authorized) and Preferred Stock (500,000 shares authorized). As of the Record Date, there are 46,746,700 shares of Common Stock outstanding, 4,300 shares of Series B Preferred Stock outstanding, and 2,300 shares of Series C Preferred Stock outstanding. The presence in person or by proxy of the holders of a majority of the outstanding shares of Common Stock and Preferred Stock (the Preferred Stock being counted on the basis of its per share voting entitlement) entitled to vote at the Annual Meeting will constitute a quorum for the purpose of transacting business at the Annual Meeting. On each matter that may come before the Annual Meeting, each stockholder is entitled to one vote for each share of Common Stock and that number of shares of Common Stock into which the Series B Preferred Stock and Series C Preferred Stock, as the case may be, are currently convertible. The Series B and C Preferred convert into 50 shares of Common Stock for each share of Preferred. As a class, the Preferred Stock is entitled to 329,850 votes on each matter to come before the Annual Meeting; however, in all matters to come before the Annual Meeting, the Common Stock and the Series B and C Preferred Stock will vote together as a single class. Abstentions and broker-non-votes are counted for purposes of determining the presence or absence of a quorum for the transaction of business. Abstentions are counted in tabulations of the votes cast on proposals presented to stockholders and therefore will have the effect of a negative vote. Broker-non-votes are not counted for purposes of determining whether a proposal has been approved.>>>>