Patient Access Solutions Inc (PASO)

[MNK3240]

Even though they used the term "Envisioned" for $15 Preferred share price, you can rest assured, they meant it $15, it's not going to fluctuate with common price. Whenever companies decide to issue preferred shares, the price is determined at the beginning like here they did $15, it's not going to change, it never does, that's why it's preferred.

Assuming they will announce $45/$50 for 6% dividend calculation if stock price goes to 0.16c in next week is reckless to motivate poor retail to convert. As a proof, when stock price was way over 0.06c, they did not change the prefd. stock price $15.

Prefd. stocks face value don't change and for convertible preferred, you get benefit, when you convert to common.

For example, if the stock shoots back to .16 this week, I'm guessing we would hear from the company, next week before the deadline, that the "face value" (for dividend calculation) will be locked in at something like... $45 or $50.