The conversion is 1 for 1..
It can't be converted for 1 year unless the stock trades for 5 days above 20, or a material change in control occurs(ie sale of company). Bringing up dilution on this transaction is streching to find more stuff to spin negative...
Dig says..
"Sorry folks, but let's stack this up;
no results
Dodge is "dumb"
musical chairs
no public press
emissions gateway gone
stock tanking
DARPA challenge???
Yet despite the apparent demise of Torvec, some individual who is very familiar with the company and its operation paid $150,000 for 37,500 preferred shares producing "gross proceeds" of $150,000....what could that person possibly be thinking....