had no distributions to Series H Preferred Stock holders
allocable as qualified dividends.
Capital Source Distribution of Stock Holders
Official notice of the redemption and a letter of transmittal for redemption or conversion of the Preferred Stock will be sent shortly to all Preferred Stock holders
of record as of the close of business on February 20, 2008.
The merger transaction is designed to be effected as a tax-free reorganization for eStara stock holders
and is expected to be accounted for by ATG under the purchase method of accounting.
Members of an informal steering committee of Series B and Series C Preferred Stock holders
which hold 75 percent of the shares of the outstanding preferred stock, including 100 percent of the shares of Series C Preferred Stock, have informed the bank that they are prepared to recommend to their respective companies and principals that they consent to the reclassification.
The stock holders
approved the amendment to the 2003 EPP plan and the board has approved a resolution that options equaling no more than 10% of the fully diluted shares will be issued under the plan in any given year.
It will be payable on July 26, 1993, to stock holders
of record on June 28, 1993.
The private placement was for $7,000,000 in total units, consisting of $3,375,000 of units for cash and $3,625,000 of units for conversions from existing debenture and preferred stock holders
Ten percent cumulative convertible preferred stock holders
will receive one additional share for each two existing shares held on record date.
Upon conversion of Motient's preferred stock, preferred stock holders
will receive shares of Motient common stock and shares of SkyTerra common stock equal to the amount (after adjustment for stock splits, stock dividends, etc.
Nova stock holders
and warrant holders will soon receive in the mail a packet of materials explaining the procedure for exchanging their securities from the First National Bank of Boston.
CarrAmerica has publicly noted that Blackstone plans to buy out the existing Series E preferred stock holders