Protective Capital Structures Corp. (fka PCSO)

[hcpc man]

IMO the O/S may have been increased to generate cash or give shares in lieu of cash for the first dividend payent to the preferred shareholders. The compnany may have sold the preferred shares but not yet funded the $600+ million loan. There could be a 30 day time lag between the payment they have and the interest payments they receive. Any thoughts would be appreciated.