Bill,
And just as we CVIAers had to swallow the bitter pill of a 300:1 reverse split that Jack Arnold, A BOARD OF DIRECTORS DECISION MADE BY ONE PERSON -- JACK -- AND DONE (BY JACK) STRICTLY IN VIOLATION OF CVIA'S OWN CORPORATE CHARTER AND BY-LAWS.
Surely if we shareholders had to suffer that, IMO, illegal and malfeasant decision, then CVIA shareholders are DEFINITELY entitled to their newly issued common shares from the converted preferreds as was structured and passed by the former BOD of CVIA.
Management must, IMO, honor this corporate decision made in behalf of and with the best interests of shareholders.
In other words, IMO, this issue is moot -- a no-brainer, slam dunk, an in the pocket fact.