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ThSeeker

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ThSeeker

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Re: boca_bobby post# 12737

Wednesday, 04/01/2009 11:24:30 AM

Wednesday, April 01, 2009 11:24:30 AM

Post# of 16405
Not sure I follow Let's say I have enough shares in preferred status that when converted I would hold more than 10%. I guess it's the companies decision if they want to get me to 10%, 9% or even 1% for that matter.

They would convert your pref'd till you reach 10% not what they want like 9 or 1%.

The real problem in my view is the OS is a moving target. Everytime someone converts the OS is higher right? So what 10% consists of will constantly be rising with OS. I would think that at the time you request the conversion they use the OS at that time and work the numbers. If I convert this week they would use a different OS than they would for you if you did it 2 weeks later. IMO

It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.

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