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To: BAXTERBOO who wrote (1526)3/3/1998 9:36:00 AM
From: Lord Smooth  Read Replies (3) | Respond to of 14347
 
My favorite sentence in 8-K is this, for both Preferred A and B: (if I could bold I would)

"Notwithstanding anything herein contained to the contrary, one share of Preferred Stock shall not be convertible into more than ten shares of Common stock." So, in other words, there is a floor and the floor is $1.00.

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