Baron Capital Enterprise Inc (BCAP)

[RobInvest]

Oh sorry, you cut the quote short from the PR:

The Rights and Preferences also state the Company does not have to increase the amount of Common stock to allow for conversion from Preferred stock to Common stock and the Preferred can only be converted when and if the Company has Common stock available.

i.e. Possible share buyback

Good find! The company would have to buyback shares to convert the preferreds into common stock. Share buyback looks to be a possibility. Great news!


Quote:
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The Rights and Preferences also state the Company does not have to increase the amount of Common stock to allow for conversion from Preferred stock to Common stock

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$BCAP