Posted On: 07/08/2014 5:07:26 PM
Post# of 30070
There has been some speculation regarding yesterday's 8-k filing. I emailed Gerald asking him to clarify its purpose. He responded within 2 minutes. Impressive.
We are so fortunate to have a CEO who cares about shareholder concerns and is open to answering shareholder questions when appropriate.
Gerald's reply:
We are so fortunate to have a CEO who cares about shareholder concerns and is open to answering shareholder questions when appropriate.
Gerald's reply:
Quote:
It is a strengthened position for the Company. The Series D had been classified as debt by our auditors due to the redemption provisions. With them removed, it will be classified as equity, further enhancing our shareholder's equity as we prepare for the up-list.
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