Modern Energy Corp (fka MDRG)

[puffyk]

I do see the cusip # 607587201 in my marketcaster.

Per Pr

Note that Modern Energy Corp. Class B Preferred shares (CUSIP: 607587 201) (distributed to MODR shareholders as of October 16, 2007) are eligible to be converted to common shares of MDGR at the rate of 100 preferred to 1 common share when a payment is made to the Modern Energy Corp. of $.001 per common share. However, NASDAQ has not yet assigned a symbol for the Preferred. The Company will announce when a symbol is assigned.

So as an example if I had 300,000 shares of MDRG, would that mean i would have 30,000,000 preferred? (300,000 X 100)?

If so, those would have to be held for a certain amount of time right?