InvestorsHub Logo
Followers 32
Posts 9154
Boards Moderated 0
Alias Born 01/13/2011

Re: VortMax post# 5145

Monday, 04/11/2011 1:55:04 PM

Monday, April 11, 2011 1:55:04 PM

Post# of 32960
"Dutchess gave UYMG $1.6M, and in return, recieved 1.6M shares of Class B preferred which are convertible into common shares at 95% of the previous days close price. Meaning Dutchess needs the PPS to be at .95 to break even!"

not even close to the truth, the Class B preferred are converted into common at a much higher ratio than 1 for 1