Is There a Motion to Adopt the Amendment to the Certificate of Incorporation?

We could offer to exchange preferred for present common. It's conceivable a few people would have an interest, but most people have self-selected in terms of the kind of security they want to own. No one would be obliged to take it. The ballot of the proxy holders received through last Friday cast not less than 928,889 in favor of the proposed amendment to the Certificate of Incorporation. That number far exceeds the majority of the amount of shares outstanding.