Read this sport as it appears you have no idea of what is happening.
Effect of Proposal No. 1 on Current Stockholders
If stockholders do not approve Proposal No. 1, we may not be able to pay the dividends and any conversion premium upon conversion or redemption of the Series A Preferred Stock with our shares of common stock. If we cannot pay the dividends and any conversion premium upon conversion or redemption of the Series A Preferred Stock with shares of our common stock, we could be forced to pay cash upon any redemption or conversion of the shares, which resources we may not have available to us.
The issuance of such shares of common stock may result in significant dilution to our stockholders and afford our stockholders a smaller percentage interest in the voting power, liquidation value and aggregate book value of the Company. Additionally, the issuance and subsequent resale of such shares of common stock may cause the market price of our common stock to decline.
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How can any other party be interested in buying into UNIS when this FUND could end up with 40-50M shares for their $7.5M.
HOW the hell do you work out a deal with that hanging over it.
Just shows how incompetent this mob have been.
Announcement, page-28
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