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MrPastorious

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MrPastorious

Re: Renavatio post# 31382

Friday, 01/05/2007 9:05:43 PM

Friday, January 05, 2007 9:05:43 PM

Post# of 79921
The preferreds are not convertable into common shares, according to mulshine and the company's press releases. They do not trade, and the $10 "value" is just a number. It is basically a promisory note from the company at 6% interest, with a balloon payment.
If they convert, then they are a different class of pref's than what they have used in the past.
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