Looking at LBTN's history & last PR paragraph.
This stock will reverse split again by July 2007. I guess it would be prudent to take full advantage of the conversion. This stock is not a scam -- it apparently needs an endless supply of capital to finance necessary research. I do not intend to hold common shares thru this reverse split because the stock will lose value absolutely, based on past history. Eventually, this stock will have tremendous value --but that will be years from now. Since, selling is not an option here, conversion to preferred B is what needs to be done. I intend to contact my broker tomorrow to complete the task.
Good luck to the patient investors.