Patient Access Solutions Inc (PASO)

[Stock Farmer]

I updated my last post with more info. It appears to me that holding preferreds would give some short of hedge or buffer against an RS.

However, if you chose to convert them to common, the shares would be adjusted to the RS accordingly.

I think it is somewhat of a moot point since PASO would not issue a bunch of convertible preferred shares if they thought they needed an RS. An RS is a blunt tool to arbitrarily and usually temporarily bolster up the Stock Price. In some cases it makes the SS more appealing but it is mostly a bandaid not a cure.

Personally, I will keep some preferred shares whether I convert more over or not. Definitely not going all in one way or the other. I’ll have some of both.