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Re: k9narc post# 105162

Tuesday, 03/23/2010 9:56:29 PM

Tuesday, March 23, 2010 9:56:29 PM

Post# of 216314
I caught this on a different stock.
When an insider uses his personal shares to help the company, they book the value of it as debt and they get to get paid cash quicker maybe even instantly, than if they converted the preferred to common and had to wait the 12 months restrictive period.

Instant cash.

I may be off on the exact way this works, but it's pretty darn close.


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y