Pilgrim Petroleum Corp. (PGPM)

[downsideup]

Yep. What is the deal re the impact of the reverse re the preferred ? If the reverse effects the common but the rights of the preferred are not reversed, that would be a bad thing, with the impact of altering the percentages in the statistics again.

My prior take on it was that the preferred weren't that big a deal relative to the rest of what was going on, but it looks like the preferred interest was around a quarter of the company, and now could be poised to become more, depending on the terms being applied in the reverse. I though we determined that the preference shares treatment was designed only to sustain their relative position... which is not what this looks like now ?