Just wanted to clarify that we did not connect wit
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Posted On: 07/26/2020 7:19:18 PM
Just wanted to clarify that we did not connect with Ziv today but will probably do so tomorrow.
Another point. I re-read the filing from Jeffrey Low when he acquired the Series B shares from Ziv. Although they have not been converted, they do have voting rights.
I missed the voting rights part before. We cannot presume to know at this point which way Jeffrey Low would vote if there is in fact going to be a vote. If he's interested in acquiring controlling interest, he may very well vote No. If he wants a decent payday, he may want to convert when he can and wait to cash out when the share price goes up. Right now your guess is as good as mine.
Either way, even if there is going to be a vote I think there are more than enough shares in the No camp.
Another point. I re-read the filing from Jeffrey Low when he acquired the Series B shares from Ziv. Although they have not been converted, they do have voting rights.
Quote:
the Reporting Persons ownership of Preferred B Stock carries voting rights equivalent to 43, 675,000 shares of Common Stock. In addition, the Reporting Person is the current owner of 500,000 shares of Common Stock of the Issuer which had been owned previously and which was not involved in the transactions described above.
I missed the voting rights part before. We cannot presume to know at this point which way Jeffrey Low would vote if there is in fact going to be a vote. If he's interested in acquiring controlling interest, he may very well vote No. If he wants a decent payday, he may want to convert when he can and wait to cash out when the share price goes up. Right now your guess is as good as mine.
Either way, even if there is going to be a vote I think there are more than enough shares in the No camp.
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