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Post# of 226099
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naturalborninvestor

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naturalborninvestor

Re: sfcinman post# 65010

Wednesday, 05/01/2013 1:45:56 PM

Wednesday, May 01, 2013 1:45:56 PM

Post# of 226099
it means that you will get a certain number of preferred shares issued for free based on the number of common shares you hold on May 20th. The conversion rate is not specified.
You are then entitled to convert each new preferred share into 100,000 new common shares. Each new preferred share issued to shareholders will be recorded with a $2.50 value in the company's books.
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