it's odd because if anyone here were to take the offer, you can tack a 0 on the end of your portfolio holdings in XXIS
if you hold 100,000,000 xxis valued at $10k right now, and you opt to receive $1 pref shares after a 1:1000 payout, you would hold 100,000 pref shares at $1 = $100,000
The above is all in my opinion and should not be considered a reason to buy, sell, short or hold a stock.