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fojcol

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fojcol

Re: Fufat post# 88252

Friday, 01/01/2021 8:09:15 PM

Friday, January 01, 2021 8:09:15 PM

Post# of 96656
Conversion is at 20% discount to price at time of conversion.
Let's say price is $5.00 at time of conversion. Each preferred is worth $1000, so each preferred would convert to 250 common shares ($5 - 20% = $4.... $1000 / $4 = 250.
Not too shabby!
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