I GREEN INNOVATIONS, Inc. (IVOT.OB) Removes Dilutive Instrument from its Balance Sheet
iVoice Technology, Inc., d/b/a I GREEN INNOVATIONS, Inc. (OTCBB: IVOT) announced this morning that the company has amended the rights of the holders of its Series A Secured Preferred Stock, effectively removing the right for holders to convert their Preferred Stock into Common Stock. According to the press release, the company has $1.44 million of Preferred Stock issued and outstanding. The company also removed the right for holders of the Preferred Stock to vote their stock as Common Stock. Jerry Mahoney, Chairman of I GREEN INNOVATIONS, commented, "We have shown that we are committed to maximizing shareholder value for I…