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songbirdia

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songbirdia

Re: roiresearch post# 10781

Wednesday, 02/11/2009 12:25:46 PM

Wednesday, February 11, 2009 12:25:46 PM

Post# of 16405
Hi, Roir. Ths is the way I figure it. Please correct me, someone if I am wrong.

If you owned 150,000,000 you could have converted that to 150,000 preferred. Each of those shares would be worth $1 - so you would be able to buy $150,000 worth of common shares at the time of reconversion - plus the 20% discount.

SB
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