MBA Announces Restructuring of its Preferred Shares.SCOTTSDALE, Ariz. -- MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Holdings (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : MBAH) announces that its Board of Directors has accepted the request of Cactus Family Investments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Cactus") to convert 460,000 shares of the Company's Class A Preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. into common shares and to accept the return of the remaining Class A Preferred shares to the Corporation as a contribution of capital by Cactus. The Board of Directors directed that the Class A Preferred shares received shall be cancelled. In addition, the Board of Directors authorized the creation of a Class B Preferred Stock of 3,000,000 shares. Each such Preferred Stock share shall be assigned the voting power of one hundred (100) voting shares for each Preferred Stock share. The Class B Preferred shares shall not be convertible into common shares. Cactus has offered to accept 2,000,000 shares of the Class B Preferred Stock in return for $317,382.50 of past due rent payments that are due to Cactus. The acceptance of this exchange was approved by the Board of Directors. MBA: http://www.mbadirect.com NMDA NMDA N-methyl-D-asparate : http://www.nmda.us |
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