Mast Therapeutics, Inc. (MSTX)

[daddybird292]

Eeeeekkkkkk!!!!! Zig-Zag, you're needed.

Zig, I was browsing the Sec filings trying to understand this.

On Anx's site: http://ir.adventrx.com/phoenix.zhtml?c=75414&p=irol-sec&secCat01.1_rs=31&secCat01.1_rc=10

Date: 10/05/09
Form: FWP

"If the Preferred Stock is converted at any time prior to October 9, 2020, the Company will pay the holder an amount equal to the total dividend that would accrue on such Preferred Stock from the conversion date through October 9, 2020, or $468.23 per $1,000 stated value of Preferred Stock converted, less any dividend payments made with respect to the converted Preferred Stock"

Does this mean if they just converted - they have to pay all this money right now?
That's 5.28 million dollars.


Help,

-DB