141 Capital Inc (fka ONCP)

[roiresearch]

You made a mistake in your DD worm

Just read the last 3 prs... It's in the 12/1/08 PR to be exact

Also, per the PR: " No conversion of the preferred stock to common stock can occur until after the preferred stock has been held for at least three months from the date of the new certificate"

No one knows the date of the new certificate. This is so vague. The company could put a 'born on' date of 12/31/09 (or any other date for that matter) on the cert and won't be exercisable for over a year. No one knows, and that was the scariest part of deciding whether or not to convert.

But also, a way for the company to avoid dilution is to r/s again and get the share price well above .22; in this scenario both the pref holders and common holders get shafted.

Of course, this pinksheet stock may develop legs and decide to run on it's own.