Posted On: 12/06/2016 11:05:04 AM
Post# of 22463
" Once approved, each right entitles the holder, upon occurrence of certain events, to purchase common or participating preferred stock of the company ("flip-in"
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Participating Preferred= that the Preferred shares already exist.
I the QTMM Case it is the issuance of 1,000,000 new "Preferred shares", any "Reverse Split" will have an affect of adversely impacting the voting richts of the "Common Shareholders and does not affect the newly issued "Preferred Shares".
" Participating Preferred= that the Preferred shares already exist.
I the QTMM Case it is the issuance of 1,000,000 new "Preferred shares", any "Reverse Split" will have an affect of adversely impacting the voting richts of the "Common Shareholders and does not affect the newly issued "Preferred Shares".
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