WAMPQ CONVERSION UPON FUNDAMENTAL CHANGE
I don't have a recommended ration for these stocks,
but I would say that if you are holding KQ and PQ evenly,
YOU ARE GOLDEN! Don't even worry about picking up WAHQE, as although it is "first in line" so to speak,
ASSETS > DEBT, therefore KQ and PQ are GOLDEN, thereby elimintaing the need to spend $1.50-2.00 per share for
"SECURITY)
Sounds like you are in GREAT SHAPE! If you have extra ching, go nuts on WAMKQ and WAMUQ and you will be thanking yourself down the road.
If I were you I would pick up some WAMUQ at .05 if you still have the chance on Monday. If you held 10-20,000 WAMUQ when the run starts, you will have the ability to HOLD ON to
your preferred shares while still having the opportunity
to capitalize off of the huge % gains provided by WAMUQ.
They are all GREAT INVESTMENTS!
I would , however, familiarize myself with the conversion verbage, and what does and does not constitute :
Section 5. Liquidation. (a) In the event the Company voluntarily or involuntarily liquidates, dissolves or winds up
DON'T BE SO CERTAIN THE HOLDERS OF WAMPQ ARE GETTING $1,000 PER SHARE ANYTIME TOO SOON! I WOULD LOVE TO HEAR SUPPORTED ARGUMENTS THAT CAN COME CLOSE TO PROVING THAT $1,000 CASH IS OWED TO THEM AT THIS TIME. WE ARE NOT IN CHAPTER 7 PEOPLE, AND IF NO BUYOUT IS EXECUTED, YOU WILL NOT SEE $1,000 PER SHARE FOR A LONG TIME!
i) The exact Make-Whole Acquisition Stock Prices and Make-Whole Acquisition Effective Dates may not be set forth on the table, in which case:
(A) if the Make-Whole Acquisition Stock Price is between two Make-Whole Acquisition Stock Price amounts on the table or the Make-Whole Acquisition Effective Dates are between two dates on the table, the number of Make-Whole Shares will be determined by straight-line interpolation between the number of Make-Whole Shares set forth for the higher and lower Make-Whole Acquisition Stock Price amounts and the two Make-Whole Acquisition Effective Dates, as applicable, based on a 365-day year;
(B) if the Make-Whole Acquisition Stock Price is in excess of $150.00 per share (subject to adjustment pursuant to Section 13 hereof), no Make-Whole Shares will be issued upon conversion of the Series R Preferred Stock; and
(C) if the Make-Whole Acquisition Stock Price is less than $17.42 per share (subject to adjustment pursuant to Section 13 hereof), no Make-Whole Shares will be issued upon conversion of the Series R Preferred Stock.
(ii) The Make-Whole Acquisition Stock Prices set forth in the table above are subject to adjustment pursuant to Section 13 hereof and shall be adjusted as of any date the Conversion Rate is adjusted. The adjusted Make-Whole Acquisition Stock Prices will equal the Make-Whole Acquisition Stock Prices applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to the adjustment giving rise to the Make-Whole Acquisition Stock Prices adjustment and the denominator of which is the Conversion Rate as so adjusted. Each of the number of Make-Whole Shares in the table shall also be subject to adjustment in the same manner as the Conversion Rate pursuant to Section 13.
(a) If the Reference Price in connection with a Fundamental Change is less than the Applicable Conversion Price, a Holder may convert each share of Series R Preferred Stock during the period beginning on the effective date of the Fundamental Change and ending on the date that is 30 days after the effective date of such Fundamental Change at an adjusted conversion price equal to the greater of (1) the Reference Price and (2) $8.71, subject to adjustment as described in clause (b) below (the “Base Price”).
(b) The Base Price shall be adjusted as of any date the Conversion Rate of the Series R Preferred Stock is adjusted pursuant to Section 13. The adjusted Base Price shall equal the Base Price applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to the adjustment giving rise to the Base Price adjustment and the denominator of which is the Conversion Rate as so adju
(c) In lieu of issuing Common Stock upon conversion in the event of a Fundamental Change, the Company may at its option, and if it obtains any necessary regulatory approval, pay AN amount in cash (computed to the nearest cent) equal to the Reference Price for each share of Common Stock otherwise issuable upon conversion.
I WOULD DUMP 50-100 SHARES OF WAMPQ AND PICK UP SOME OF THE RUNNERS, BUT THAT IS JUST ME. BUT THERE IS A REASON
WHY WAMPQ IS NOT SEEING THE GAINS OF WAMKQ. IT IS NOT AS IMPRESSIVE AS IT APPEARS TO BE AT FIRST GLANCE.
IF YOU ARE HAPPY WITH YOUR POSITIONS, THEN HOLD!
IF YOU HAVE EXTRA $$$, THEN PICK UP A SOME WAMKQ AND WAMUQ
FOR TRADEABILITY
Best of Luck, but it sure sounds like you don't need it.
YOU ARE IN A GREAT POSITION!
Have a GREAT WEEKEND!
