The Company has authorized preferred shares with a par value of per share.  The Board of Directors of the Company (the “Board”) are authorized to divide the authorized shares of Preferred Stock into or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.

 

There were shares of preferred stock issued and outstanding as of and

 

Dividends are declared at the discretion of the Board and depend upon the Company’s financial condition, operating results, capital requirements and other factors that the Board deems relevant. In addition, agreements with the Company’s lenders from time to time, restrict the ability to pay dividends. As of there were such restrictions, as there were lending agreements in place. dividends were declared during the and months ended