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shadow43560

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shadow43560

Re: pankajanc post# 24749

Monday, 06/11/2007 7:24:04 PM

Monday, June 11, 2007 7:24:04 PM

Post# of 44006
pankajanc..

I agree there should be a r/s effect on the preferred stock.

Like the common the a/s will remain unchanged. The conversion factor most likely (in my opinion) should take the 1:25 reduction..I agree, if it doesn't work that way..it is fraud..

If the split was a forward split, I am equally sure that the conversion factor would increase the same as the common shares..ie: 2:1..the 3.5 million would convert to 2x the present conversion number of shares..
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