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Sunday, September 06, 2020 8:39:20 AM
W/ there being 3m C’s (for dividend) x 1-5000 (full conversion). = 750m shares.
10m A’s (for merger completion/control block) should have a 1-100 (full conversion) rate = 1b shares
Added to the OS 750m (max possible to be eligible for dividend)
Total = 2.5b
Will await clarification yet it can be no other way imho due to the aforementioned . Any commons accepting the (tenure offer) will also reduce the float by that same.
Preferred shares have voting rights & in most cases multiple votes to each preferred. Depends on the designation of that particular class of.....
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