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Artzino

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Artzino

Re: rookytrader post# 1347

Tuesday, 05/29/2012 11:06:01 AM

Tuesday, May 29, 2012 11:06:01 AM

Post# of 25333
As I understand it, Franklin can't convert his preferred into free trading stock. If you remember the pr they sent out a few months back saying that 144 wasn't available until October or something.

Since 144 isn't available, I don't believe there would be any basis to issue free trading shares. He could convert his shares into common, but they would still be restricted for at least 6 months (assuming 144 does become available in October).
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