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US TECH 100
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Lowjack

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Lowjack

Re: Equitiesduke post# 2427

Monday, 07/17/2017 10:59:09 AM

Monday, July 17, 2017 10:59:09 AM

Post# of 3072
It is not their job to tell you. The original aggreement dictates the conversion. If stock <=$5 then 20 : 1 FTR : FTPR. R/S on FTR happened at 15 : 1.

So unless FTR somehow is greater than $75 on the mandatory conversion date, they will convert at 1.25 : 1. Good way to steal Billions of $$$ and screw all your employee's stock options in their retirement accounts! No way this doesn't end up in court!

Also watch out for another R/S before conversion date when investors wake up to this fact!

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