GRANT STOCKER
GRANT STOCKER
Does the terms of this preferred STOCK AGREEMENT prevent the granting or exercising of STOCK OPTIONS?
--- From Prospectus ---
The terms of the Series A Preferred Stock do not permit XXXX to declare, set apart or pay any dividend or make any other distribution of assets on, or redeem, purchase, set apart or otherwise acquire shares of COMMON STOCK or of any other class of stock of XXXXX ranking junior to the Series A Preferred Stock as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of XXXX, unless certain conditions are met.
------------
I am a current holder of this companies preferred stock. The company is currently experiencing operating difficulties and has already suspended common stock dividends. I suspect the preferred dividends may be halted next. However, the company uses stock options to hire and retain top management. If those options cannot be granted or exercised, I think that would give managment incentive to not halt the preferred dividends.
the way it reads to me is that the company XXXX cannot pay dividends or buyout common stock without paying your preferred dividend first. (which is expected of preferred stock). Then they have to buy you out before other shareholders if the company goes dead.
In theory your preferred dividends are probably cumulative and thus will be owed to you in case of default, so halting payment only delays payment to you and thus gives you the risk of them not being able to pay you the full amount owed. This is just how I read it, but I think it makes sense.
 |
Illinois Knox County Genealogy Deeds Maps | US $38.00 | 17d 9h 3m |
 |
2008 UD SWEET SPOT CLASSIC SANDRA DEE MYSTERY CUTS 1 1 MOVIE STAR | US $159.00 | 1d 2h 25m |
 |
MODIFIED STOCKER HAULER AND TRUCK AMT JOHAN REVELL MPC NSIB | US $20.00 | 2d 15h 58m |
 |
Iowa Iowa County Genealogy Land Deeds Maps | US $36.00 | 15d 21h 5m |
 |
Illinois Hamilton County Genealogy Land Maps | US $36.00 | 14d 22h 8m |
 |
2 Vol 1909 Biographical Annals Berks Co Pennsylvania PA | US $9.99 | 9d 6h 24m |
 |
Family Maps Iowa County Iowa Genealogy Plat History | US $29.95 | 12d 2h 25m |
 |
COLLINSVILLE ILLINOIS History Genealogy MADISON COUNTY | US $9.95 | 12d 20h 35m |
 |
Idaho Latah County Genealogy Deeds Maps | US $51.00 | 29d 17h 31m |
 |
JUL 1990 SUPER STOCK DRAG ILLUS PRO STOCK RACING | US $15.00 | 29d 7h 48m |
 |
Mad Max Beyond Thunderdome WS DSS NEW LaserDisc Gibson Action | US $39.97 | 28d 10h 41m |
 |
1905 Genealogy History of Northfield New Hampshire NH | US $9.99 | 28d 5h 28m |
 |
WOOD RIVER ILLINOIS GLEN CARBON BETHALTO IL History Genealogy 1906 plat maps | US $9.95 | 27d 19h 39m |
 |
KENOSHA EXCERPT FROM The History of Racine and Kenosha Counties Wisconsin WI | US $17.55 | 25d 10h 34m |
 |
Smithsonian March 1996 Hippos Fabrege Treasure Choctaw Middle Class Trukey | US $2.00 | 24d 22h 11m |
 |
MADISON COUNTY ILLINOIS History Genealogy ALTON IL 1876 pages 1041 biographies | US $9.95 | 23d 19m |
 |
Ballz Girlz Vol1 OG Rider Lowrider Car Shows SS | US $19.99 | 22d 23h 44m |
 |
OG Rider Lowrider Car Shows SS Steve O OOB | US $19.99 | 22d 22h 20m |
 |
Various Artists The Classical Album 2009 | US $6.31 | 22d 15h 51m |
 |
TENNESSEE VOLUNTEERS Football 100 Card Lot 1972 to 2011 AUTO Jersey ROOKIE d | US $34.99 | 21d 10h 25m |
 |
P Town Summer TP Stocker Lisa | US $13.50 | 21d 9h 23m |
 |
Indiana Steuben County Genealogy Land Deeds Maps | US $33.00 | 20d 9h 22m |
 |
Alabama Sumter County Genealogy Deeds Land Maps | US $46.00 | 19d 18h 9m |
 |
CORONET May 1952 MARLENE DIETRICH GUSTAV REHBERGER | US $8.00 | 19d 6h 54m |
 |
Classical Album 2009 Thai Promo CD Hayley Westenra Mike Oldfield Mint RARE OOP | US $9.99 | 18d 9h 18m |
 |
Nicholas County Kentucky KY Births 1852 1878 GENEALOGY | US $16.00 | 18d 8h 40m |
 |
1869 Genealogy History of Chester New Hampshire NH | US $8.99 | 17d 6h 35m |
 |
EDWARDSVILLE ILLINOIS History Genealogy MADISON COUNTY | US $9.95 | 17d 6h 23m |
 |
Michigan Branch County Genealogy Land Maps | US $36.00 | 16d 7h 55m |
 |
Berks County PA Genealogy Collection 1 CD | US $35.00 | 15d 16h 15m |
 |
Superfast No34 Chevy Pro Stocker 88Lightning pre pro | US $330.00 | 14d 19h 13m |
 |
Historical Biographical Annals of Berks PA 1909 CD | US $9.00 | 13d 17h 17m |
 |
Nelson County Kentucky KY Births 1852 GENEALOGY | US $23.00 | 13d 8h 15m |
 |
SUPER STOCK JANUARY 1968 JENKINS PROFFITT GARLITS GAY | US $69.99 | 23d 17h 9m |
 |
Family Maps Steuben County Indiana Genealogy IN Plat | US $26.95 | 12d 2h 35m |
 |
Family Maps Stark County Illinois Genealogy IL Plat | US $23.95 | 12d 2h 35m |
 |
Family Maps Latah County Idaho Genealogy Plat History | US $43.95 | 12d 2h 27m |
 |
Family Maps Knox County Illinois Genealogy Plat History | US $31.95 | 12d 2h 27m |
 |
Family Maps Hancock County Illinois Genealogy IL Plat | US $32.95 | 12d 2h 24m |
 |
Family Maps Hamilton County Illinois Genealogy IL Plat | US $29.95 | 12d 2h 24m |
 |
Family Maps Branch County Michigan Genealogy MI Plat | US $29.95 | 12d 2h 19m |
 |
Family Maps Benton County Iowa Genealogy Plat History | US $31.95 | 12d 2h 19m |
 |
Family Maps Auglaize County Ohio Genealogy Plat History | US $26.95 | 12d 2h 18m |
 |
Family Maps Sumter County Alabama Genealogy Plat AL | US $38.95 | 11d 21h 9m |
 |
1898 Biographical Record Genealogy Denver Colorado CO | US $9.99 | 11d 8h 41m |
 |
3 Vol Genealogy Bios San Bernardino Riverside Co CA | US $14.99 | 11d 6h 52m |
 |
Berks County PA Genealogy Collection 2 CD | US $40.00 | 9d 16h 53m |
 |
1902 Genealogy History of Newbury Vermont VT | US $9.99 | 9d 6h 23m |
 |
HOT RODDING 1983 FEB BUICK GRAN SPORTS HISTORY | US $14.99 | 8d 20h 12m |
 |
GODFREY ILLINOIS History Genealogy MADISON COUNTY IL 1041 biographies maps | US $9.95 | 8d 6h 45m |
 |
Lisa Stocker P Town Summer 2003 Used Trade Clot | US $1.49 | 8d 2m |
 |
GRANITE CITY ILLINOIS MADISON COUNTY IL 1882 1912 History Genealogy 1876 pages | US $9.95 | 7d 20h 53m |
 |
P Town Summer NEW by Lisa Stocker | US $16.79 | 7d 20h 9m |
 |
Ohio Auglaize County Genealogy Land Deeds Maps | US $33.00 | 7d 18h 14m |
 |
History of Oregon 3V Historical Biographical Genealogy | US $7.99 | 7d 15h 29m |
 |
THE BEST OF REGGAE CD 3 New Sealed DENNIS BROWN BEANIE MAN | US $13.51 | 7d 13h 12m |
 |
Illinois Stark County Genealogy Land Maps | US $29.00 | 7d 1h 51m |
 |
Family Forest® National Treasure Edition Genealogy CD | US $89.00 | 7d 1h 43m |
 |
Illinois Hancock County Genealogy Land Maps | US $39.00 | 7d 1h 39m |
 |
VALLEY P R P 1973 FOOTBALL PROGRAM louisville ky | US $12.97 | 5d 6h 13m |