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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (2291)	5/15/1998 8:15:00 PM
From: CatLady	Read Replies (1) \| Respond to of 7491

"Note that the convertible preferred shares can be converted directly into CSHK common 45 days after issuance. I am not a lawyer by any means, but maybe this would be a way of getting shares out of the CSHK authorized, but unissued, and into the market without making any filings. " I'm no lawyer either, but my read is the similar to yours. Not only that, but it seems that after the preferred is converted to common, the authorized preferred share count goes back up to where it started and then they can do it all over again.