RE: RE: RE: RE: RE: RE: Looking better and better Ok Cangator, lets take this one step further. Previously I stated the exclusion of the divy each and every time they spoke of conversion. How about the following. They spell out what the conversion actually consists of and once again, where is the divy? Red is redemption and yellow is conversion. Once again, no ambiguity
On or after June 30, 2012, Yellow Media Inc. may, at its option, redeem for cash the Series 2 shares, in whole or in part at a
decreasing premium until June 30, 2016 and at par thereafter plus accrued and unpaid dividends (Redemption price). Also, on
or after June 30, 2012, and prior to June 30, 2017, Yellow Media Inc. may, at its option, exchange the outstanding Series 2
shares, in whole or in part, into common shares of the Company until June 30, 2016 by dividing the Redemption price by the
greater of $2.00 and 95% of the then applicable weighted average trading price of the common shares. In addition, the Series 2
shares will be redeemable at a premium in cash or exchangeable at the option of Yellow Media Inc., in whole into common
shares of the Company on or after June 30, 2007 provided that any exchange prior to June 30, 2012 shall be limited to
circumstances in which the Series 2 shares are entitled to vote separately as a class or series by law or court order.