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Post# of 98661
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capt AL

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capt AL

Re: kid biscuit post# 52757

Saturday, 10/03/2015 9:05:24 AM

Saturday, October 03, 2015 9:05:24 AM

Post# of 98661
I believe the conversion rate of the Pref is 70% of the last 10 consecutive days before they convert. It is in their best interest to buy $1.00 or less to keep the closing price at .0010 so they can covert at .0007. That is after their 5% div stock is added in. This gives a return to the Pref of 35-40% upon selling at .0010. Nice 1 year return for them & they may do it again!!
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