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Re: papafishie post# 57890

Sunday, 01/08/2012 5:25:57 PM

Sunday, January 08, 2012 5:25:57 PM

Post# of 93140
From what I have read on the A P-shares is just a contol over any vote. It makes up 110% on the O/S at any given time. With the O/S at 600mm, P shares make up 660mm votes. Always holds a majority. But ya cant increae the O/S by 660mm when the A/S is 750mm. No way. And why would they when the pps in so low and no real revenue stream comming in?
I don't see them as a converting tool into common. Maybe a Ch 13 they take precedence over commons after debt is paid. There won't be anything for anyonr in a total disolvmnet
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