The VHGI Office Public Representative has commented on this Preferred to Common Share conversion.
Many Trading Companies with solid growth assets and production revenue set up a Preferred Conversion simply to protect ownership from an attempted takeover through share accumulation.
This VHGI Preferred Share allowed conversion is based for that and would only take place if an unsolicited takeover of the Company and its assets was being attempted and needed to be prevented by the present owners.
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