Posted On: 10/21/2012 9:42:35 PM
Post# of 16816
If you read the 2011 Full Year report there are three people that own Peferred AA: Matt Dwyer, Michael Herman and Richard Hourani.
The "issue" is that Preferred convert to Common at a rate of 1:10,000. The "complaint" is that the Preferred still controls the Share Structurr even after the vote. Not true if you read the By-Laws, but some people want to make any allegation possible.
When the audit started the same people said there wasn't an audit. When the auditors name was published they said the auditor and Attorney were distancing themselves from BCAP!!!!!
So today it's the Preferred. I'm sure when the TA acquisition is announced it'll be some issue with the TA.
The "issue" is that Preferred convert to Common at a rate of 1:10,000. The "complaint" is that the Preferred still controls the Share Structurr even after the vote. Not true if you read the By-Laws, but some people want to make any allegation possible.
When the audit started the same people said there wasn't an audit. When the auditors name was published they said the auditor and Attorney were distancing themselves from BCAP!!!!!
So today it's the Preferred. I'm sure when the TA acquisition is announced it'll be some issue with the TA.
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