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Tuesday, March 28, 2006 6:48:25 PM
They made them because somebody told Pearl it would be stupid to dilute too insanely. Many of you will recall that she initially said they'd convert the preferred to common at a ratio of one share of common for every two shares of preferred.
By doing so she would have created an instant o/s for PAIM of 15 trillion, which is a ridiculous figure.
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