Microelectronics Technology Co. (fka MELY)

[Rags_2_Riches_]

$MELY - "company has decided to convert all outstanding preferred shares to common."

Reply From E*TRADE below: (Contact them if you have questions.)

Dear Mr. XXXXXXXXXX,

Thank you for your message regarding your preferred shares of Micro Electronics.

I can understand why you'd want to hold onto the preferred shares. However, part of the terms of the shares allows the company to mandatorily convert them after a certain time. This period has come and the company has decided to convert all outstanding preferred shares to common. Unfortunately, in this instance there is no way to keep the preferred stock as it will no longer exist.

If you have any further questions, please give us a call at 1-800-387-2331. We appreciate your business and thank you for using E*TRADE.

Sincerely,


Mon - Fri 8:45 am - 5:30 pm ET
1-800-ETRADE-1 (1-800-387-2331)
Sr. Financial Services Representative
E*TRADE Securities LLC