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stockinvestor01

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stockinvestor01

Re: None

Tuesday, 02/09/2010 10:57:23 PM

Tuesday, February 09, 2010 10:57:23 PM

Post# of 375420
Based on my calculations, I have a few questions. If they issued Class B preferred stock equal to 40% of the outstanding in order to receive the $350 million loan, then I understand why they raised the AS. However, this doesn't mean the OS has increased. The OS will only increase if the Class B series is converted, which may never happen if the company pays the loan back over the next several years.

Am I correct that the OS may not increase based on this deal. It will only increase if the shares are converted. Am I missing something?
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