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sawdin

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sawdin

Re: bagwa-john post# 39294

Thursday, 06/07/2007 12:41:02 PM

Thursday, June 07, 2007 12:41:02 PM

Post# of 79921
No. Those shares are being held by PBLS. The value of each share is $10 (par value) and PBLS has up to 5 years to redeem said preferred shares. The preferred shareholders chose to be 'compensated' by receiving dividends and a guaranteed par value. It would be patently UNFAIR to those who didn't take the preferred deal for PBLS to 'sweeten' the deal if the price rises above .06 Trust me, no additional 'compensation' is required and none will be forthcoming.
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