ADVANCED TECHNOLOGIES GROUP LTD - FORM 10-K - XML - IDEA: XBRL DOCUMENT - May 11, 2012
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PREFERRED STOCK
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12 Months Ended |
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Jan. 31, 2012
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| PREFERRED STOCK | |
| PREFERRED STOCK | 3. PREFERRED STOCK CLASS A PREFERRED STOCK: Class A preferred stock has a stated value of $3 per share. Holders of the Class A preferred stock are entitled to receive a common stock dividend of 13% of the outstanding Class A shares on an annual basis based on a value of $3 per share. The Class A preferred stock is convertible into common stock at a conversion ratio of one preferred share for one common share. CLASS B PREFERRED STOCK: Class B preferred stock has a stated value of $3 per share. Holders of the Class B preferred stock are entitled to receive a common stock dividend of 6% of the outstanding Class B shares on an annual basis based on a value of $3 per share. The Class B preferred stock is convertible into common stock at a conversion ratio of one preferred share for one common share. |
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