Redwood Group International (RDWD)

[aml10021]

karan, brick, myth: I have been a long time holder of S3,
Ive followed the Ibox and occasionally the message board, but infrequently. In Feb the 12/09 quarterly mentioned in "subsequent events" the 25mill Pref D (200votes/Pref)issued to officers as bonus for services rendered.(this was also posted on the ibox but as none issued as of 12/09). there was no clarity on whether or not these were convertible to common and if they were convertible would it be at the 1:1 as the other nonvoting preferred shares, or would the be at 200:1, or not convertible at all. This uncertainty in my mind led me to sell approx half my position on the runup to .001; I still follow the progress being made with the portfolio companies and would like to buy back in if i could somehow be assured that the preferred D shares if convertible would be so at no more than 1:1.
Is there any way you can get a clarification from the company on the issue of convertibility of the pref D shares. thank you