Protective Capital Structures Corp. (fka PCSO)

[tapierce]

According to the latest press release the Series B Preferred Shares are not convertible. The stock is restricted and can not be sold since the restrictions are not removed. Original PCSO filing of the declared dividend showed the Series B shares “at the option of the company” could be converted into $1 worth of PCSO Common Stock. The transfer agent I talked to is not the same transfer agent listed on the 2019 financial statement. The transfer agent indicated a section 4(a)1 opinion would need to be written to have the restriction of stock sale removed. The transfer agent also stated that no individual has proven ownership of PCSO and therefore the transfer agent can take no action until proof of ownership is established............
If you can’t converse the Series B stock, then you can’t sell it. You can’t sell it since it is restricted, so it’s basically a pump and dump remade from 2009 which screwed investors then, just like now. If anyone has any information to refute what I am saying, please provide. Also, Charles Johnson, who is listed as the Executive Vice President of First Independent Financial Group is a complete jackass who can barely fumble his way through a call