PGUS CEO Quotes from PR's "We are very pleased to have come to this agreement with AMREFA. If the preferred shares had been converted, it would have resulted in 60,282,621 new shares of common stock being issued. This solution is in keeping with our commitment to avoid any unnecessary dilution of the stock," says Jan Telander, CEO & President. "This follows our strategy to avoid any dilution of the stock from conversion," says Jan Telander, CEO & President.