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SmokerX

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SmokerX

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Saturday, 09/22/2018 9:46:50 PM

Saturday, September 22, 2018 9:46:50 PM

Post# of 41298
What happens to preferred upon a name change?

https://www.sec.gov/Archives/edgar/data/47217/000119312515350839/d84170d8k.htm

each Preferred Share will automatically be redeemed for shares of common stock, par value $0.01 per share, of Enterprise, at the redemption rate set forth in the Certificate of Designation. Immediately following such automatic redemption, no Preferred Shares will be outstanding.



Not completely sure what I`m reading or if it will work this way. I am not Sonny Bal. Just a loser with autism but this looks to me like Bal just pulled a checkmate. This kills the short and leaves it with a bunch of stock it needs .48 to recover from and plus to make $.
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