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Monday, 03/20/2006 10:40:20 AM

Monday, March 20, 2006 10:40:20 AM

Post# of 5729
Mt Take on the Form 4's

It is another step in the Plan of JPHC Management to continue its plan for a Dividend and eventual Buyout or merger.

SERIES B PREFERRED STOCK

Q. What is the difference between Class A and Class B stock?A. The Company has two classes of stock: Class A Common Stock and Class B Convertible Common Stock. Class B Convertible Common Stock shares are convertible into shares of Class A Common Stock on a one-to-one basis at any time at the option of the holder. Holders of Class B Convertible Common Stock are entitled to ten votes per share. Holders of Class A Common Stock are entitled to only one vote per share but are entitled to a cash dividend premium. If the Company pays a cash dividend on Class B Convertible Common Stock, each share of Class A Common Stock will receive an amount at least ten percent greater than the amount of cash dividend per share paid on Class B Convertible Common Stock. In addition, the Board of Directors may declare and pay a dividend on Class A Common Stock without paying any dividend on Class B Convertible Common Stock.

http://www.cbrands.com/index.jsp?link=faqs/faqs.htm

FORM 4 Hawkins

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2006%5C03%5C20%5CEDGARNew...
FORM 4 Kwong
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2006%5C03%5C20%5CEDGARNew...

Stock Terms
Preferred Stock A class of ownership in a corporation with a stated dividend that must be paid before dividends to common stock holders. Preferred stock does not usually have voting rights. Preferred shareholders have priority over common stockholders on earnings and assets in the event of liquidation.

Form 4
Form 4 A document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders (including shareholders owning 10% or more of the company's outstanding stock).

SEC regulations require insiders to report any material changes in their holdings of their affiliated company, via the submission of a Form 4, before the tenth day of the month following the material transactions. This covers buy and sell orders on the open market as well as the exercise of company stock options.



Preferred Stock A class of ownership in a corporation with a stated dividend that must be paid before dividends to common stock holders. Preferred stock does not usually have voting rights. Preferred shareholders have priority over common stockholders on earnings and assets in the event of liquidation.




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