InvestorsHub Logo
Followers 402
Posts 48910
Boards Moderated 0
Alias Born 06/20/2011

Re: IdiotsPenny post# 170294

Friday, 06/29/2018 4:48:43 PM

Friday, June 29, 2018 4:48:43 PM

Post# of 183214
“Aren't the Bolton conversions due to happen in the next couple of weeks? “

To be precise...they aren’t “due” to happen as it is their decision when they do them. What is happening is that starting on July 12 any stock issued under a conversion of the Pref D will be immediately free trading.

As a result they can convert and sell immediately to avoid pricing risk.