 At the Annual Shareholder meeting of OptimumBank Holdings, Inc. OPHC, which took place in August 2019, two issues were presented that dealt with outstanding Trust Preferred Securities TruPS. The first issue was to allow an entity Preferred Shares LLC to acquire and sell TruPS. Moishe Gubin, a director at OPHC is a part owner of Preferred Shares LLC. The second issue was to provide for 1,000,000 common shares to be available in a designated tender offer exchange of TruPS for such common shares. 