Looks like the CD came due and finance companies don't care about the PPS, just getting their money. So they issue. The company as far as I know thought the conversion would be at a much higher PPS making for fewer share conversion. I haven't done the numbers, but looks like Guyer had no choice but to RS.
A few others I've owned with CD have had the same thing happen to them. The debt holders run the show.
567
GL
I'm not defending guyer here, he's the one that made the decision to go down this finance path.
If I got it right; "That's my one for the year!" If this had been an actual trading emergency you would have been instructed "TO NOT LISTEN TO ME!" There is no substitute for your own DD!!!