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Re: devildog5 post# 18885

Monday, 09/05/2011 8:08:46 AM

Monday, September 05, 2011 8:08:46 AM

Post# of 28290
it a preferred stock. pgi has 20M shares of preferred stock that they intend to use for financing. preferred stock is restricted to the terms connected to it at its issuance. (ie: convert rate, length, par value, interest, if offered, etc)

you will not be able to convert this dividend into common shares of pgie for one year.