Saturday, June 16, 2012 3:15:52 PM
"If the preferred are convertible at some point how would the OS not increase? The only way I could see that happen is if they were to retire some of the OS equal to the convertible shares allowing the OS to return to no higher than the current amount after all preferred shares have been converted. I understand that the SS will not be changed for 2 years so what is the length of time before the preferred shares can be converted? If that is greater than 2 years then the OS could be increased while the company still stands by their 2 year plan.
If my way of thinking is incorrect please explain the details of the preferred shares so that I am not posting false information."
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