SUTIMCo International Inc (SUTI)

[Cassandra]

The 300,000 convertible SUTI preferred shares issued on 4/1/2011 have more than met the one-year holding period under Rule 144 and can legally be converted into free-trading common shares. Each preferred share is convertible into $10 based upon the disclosed conversion formula, which establishes a price of 80% of the average closing price of the last 10 trading days.

These are classic floorless toxic convertible preferred shares that typically cause massive dilution.