Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: zonkie who wrote (4279)	3/25/1999 1:44:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 4715

Yes, I do prefer using the word trust. I would even go as far as qualifying it as a fiduciary duty. The company has the duty of divulging any information (by way of public statements 'PRs') that an 'average person' would need in order to take an informed investment decision. IMHO information on the preferred shares is a very large piece of the bigger picture. Let's presume the following is the company's capital share structure. 10,000,000 authorized common shares. These shares carry all the ordinary rights. 1,000,000 authorized category A shares. Each category A share allows it's holder to convert said share to 190 category B shares. Moreover, each share entitles the holder to have a 100 votes. In addition thereto, 5% dividend is paid out on these shares if the company meets the Solvency Tests... 190,000,000 authorized category B shares. Each category B share entitles the holder to have 2 votes instead of the 1 vote entitled by the common shares. All the remaining rights are the same as the ones carried by the common shares. [...] I guess you get the picture The shareholders that were in before the reverse are in an even worse situation. Time is running short, I have to get back to work Kind Regards AK