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Post# of 79921
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tedwitt

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tedwitt

Re: Whirligig post# 43864

Friday, 06/29/2007 11:49:33 AM

Friday, June 29, 2007 11:49:33 AM

Post# of 79921
SERIES III,

how are the convertable shares accounted for?

This makes a difference. The only difference.

SERIES II,

Can PBLS take 167 shares from you and then give you one share of preferred and then resell the 167 to the market. (SERIES II is non-convertable)

62,500,000 x 167 = 1.04375 to the 10th power or 10,437,500,000 shares + 1,750,000,000

“I got a great deal on some French WW2 army surplus guns. Never used and only dropped once...”

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