Does anyone know what the date of record is? That's a very odd thing to not specify.
"$1.00 per share, for common shares of stock held by its shareholders as of the record date"
Are we to assume that is the same as the deadline to convert? Just a little bit of clarity would be nice since they will probably get very technical about the conversions, etc. Why are there no details on their web-site? WTF!!!!!!!!
"Lifeline Biotechnologies, Inc. Authorizes Stock Exchange Program to Shareholders 8:31 AM ET – BusinessWire
Lifeline Biotechnologies, Inc. (Pink Sheets:LBTN) today announced the Company is offering a share exchange program to its common stock shareholders. Lifeline Biotechnologies, Inc. will offer to exchange its Series B Convertible Preferred Stock, to be valued by the Company at $1.00 per share, for common shares of stock held by its shareholders as of the record date, which the Company is valuing at $.001 per share, a premium to the current market price. This means for every 1,000 shares of common stock submitted to the Company for exchange, shareholders will receive one share of Series B Convertible Preferred Stock valued at $1.00 for future conversion purposes."
