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Sunday, November 29, 2020 12:36:21 AM
After you first convert them to common shares of course.
Two years from now, you can convert them from preferred to common shares.
Each one of your preferred shares will be worth 250 common shares.
For example, I have around 260 preferred shares in all of my PASO accounts combined.
I can convert these 260 preferred shares to 65,000 common shares two years from now if I so choose.
If common stock price is $10.00 per share at the end of year 2022, I can then sell these 65,000 common shares for $650,000 ....
Or, I can choose to hold on to all, most, or some of them, etc.
It’s your choice.
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