Sunday, May 01, 2016 5:10:30 PM
I did not see anything that said the Class B's converted 1 share into 1,000 shares until the announcement of the B's being converted to C's . Subsequently the Q's are saying that the C's are convertible from 1 into 1,000. More DD in this link http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122318827
Also, I didn't use the 125% for the Commons conversion up-value, I used the straight-up PPS.
"On January 7, 2015... Each share of Series C Preferred is convertible into 1,000 shares of common stock; however the conversion price is subject to adjustment... The Company has the right to redeem the shares of Series C Preferred at any time after the date of issuance at a per share price equal to 125% of the stated value. The Series C Preferred automatically converts to common stock upon certain specified events."
Same for Messina's 250,000 Class C's.
Invest on your own DD! Information I post is generally my opinions, subject to errors and omissions!
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