Pegasus Tel Inc (PTEL)

[Nightstalker22]

Thanks for the date and other info.

I looked it up in Scottrade knowledge base, here is an excerpt:

"Convertible Preferred

The preferred shareholder can convert his shares into the common stock of the issuer based on a predetermined price. If the market price of the common rises, the convertible's perceived value is generally pushed up as well. The security may act more like a bond in its early years, and more like a stock later on. Some convertibles have a mandatory conversion into common stock on a specified date."

Anyone know what the predetermined price is?