Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[firefight4]

perm, I have seen companies in the past give their preferred shares at let's say 5 to 1 or 10 to 1 conversion ratios. So let's give a hypothetical situation, Frank converts his common shares to preferred shares at a 10 to 1 ratio. So now Frank's ~5 billion common shares become 500 million preferred shares. That way he will still retain the voting rights for the 5 billion since he will get 10 votes for each preferred share he owns. Later on, if Frank decided to convert his shares back to common shares he will get his 5 billion shares. I'm not 100% on how this would effect the OS. It may count as only 500 million shares if he did it that way. Anyway, good post! thanks, let's hope Frank is thinking along these lines.