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exisnet

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exisnet

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Re: FORTY-8 post# 136

Monday, 08/06/2012 9:23:28 AM

Monday, August 06, 2012 9:23:28 AM

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My understanding the 400mm converted to shares... double sucks for retail shareholders. Could be old news already...

Securities and Exchange Commission filing that an unnamed group of investors had "agreed to purchase an aggregate of $400 million of 2% convertible preferred stock," which "will be convertible into approximately 267 million shares of common stock of the Company

http://www.thestreet.com/story/11653475/1/knight-survives-while-shareholders-pay.html?puc=CNNMONEY&cm_ven=CNNMONEY

In My Opinion

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