Wednesday, September 16, 2020 7:08:00 PM
Technically I should have called it Conversion “Ratio” not Rate but same idea. At this point for me it is a toss up whether to convert additional shares To preferred shares or just Roll with the freebie (5% dividend) preferred C shares I will get.
At a price of 0.06 it is a wash other than the 6% annual dividend on the preferred shares.
Most likely there will be a holding period For the preferred shares of a year. Not sure though..
I would not throw all my eggs in the PASO preferred basket fwiw.
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My posts may contain forward-looking statements which may be beyond the comprehension of any backwards-looking individuals. I speculate, this is the OTC after all. In my opinion, all my posts are IMO.
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