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jaykk

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jaykk

Re: None

Wednesday, 06/17/2009 10:27:23 PM

Wednesday, June 17, 2009 10:27:23 PM

Post# of 16405
The value of preferred shares:

Unless I am mistaken, no matter how you use the formula supplied by 141, no matter what share price you use with the formula, the value of each preferred share goes from its non-tradeable state of one dollar down to $.00714 or almost seven/tenths of a penny in actual value you can trade.

Since I converted last winter and still own my preferred shares I wouldn't mind being mistaken here.


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