Thursday, July 02, 2015 1:44:29 PM
I have seen nothing in any PRs or public statements under the ticker symbol of either PVEC or DSUS that say the Series C shares can only be redeemed if the market price of the common stock reaches $.20. If you have a link to such a PR or public statement, please post it.
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=7847
Oddly, PVEI (PVEC) used the FINRA company action process to schedule the award of the Series C preferred shares with a record date of 4/15/2014 instead of the originally announced record date of the originally announced record date of 3/14/2014. I don't believe there was ever an explanation as to why there was a different record date scheduled through FINRA, which issued a PR on behalf of the company:
http://www.otcmarkets.com/stock/DSUS/news/PVEC---announced-a-share-distribution-of-restricted-Preferred-Shares-with-a-record-date-of-4-15-2014--PVEC-will-not-be-quoted-ex-dividend?id=78627&b=y
The obligation of these preferred shares is approximately $3.725.
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