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This excerpt taken from the ABII 8-K filed Nov 8, 2007. Preferred Stock Our certificate of incorporation that will be in effect on the distribution date will authorize our board of directors, without any vote or action by the holders of our common stock, to issue up to 6,000,000 shares of preferred stock. Our board of directors will have authority to issue the undesignated preferred stock in one or more series and to determine the powers, preferences and rights and the qualifications, limitations or restrictions granted to or imposed upon any wholly unissued series of undesignated preferred stock and to fix the number of shares constituting any series and the designation of the series, without any further vote or action by our stockholders. The issuance of preferred stock, while providing desirable flexibility in connection with possible acquisitions and other corporate purposes, could have the effect of making it more difficult for a third party to acquire, or of discouraging a third party from attempting to acquire, a majority of our outstanding voting stock. We have no present plans to issue any shares of preferred stock. |
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