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Re: Backstabbed post# 108509

Saturday, 03/01/2014 7:24:10 PM

Saturday, March 01, 2014 7:24:10 PM

Post# of 148357
Last Post Of The Day..

This is how I understand it...sorry if it upsets all you guys :/

If you have 1,000,000 shares, that gets transferred to 5714 preferred shares. Which you can convert to common shares at FACE VALUE (current price of the stock at the time). So if on Sep. 17, the stock costs .001 per share, you get a big check for $5.714

The .20cent is PAR Value..which is the initial value of the certificate, NOT FACE VALUE. When you cash out the certificates, you cash out for FACE VALUE, which is the price of the stock at that time (Sep. 17, 2014)

OR you can convert your shares for 20 cents worth of pvec stock, which at the price of 001 would equal to 200 shares.

You dont cash out your certificates for PAR VALUE...you cash out for FACE VALUE(which is what the stock will cost on Sep. 17, 2014)

IF you guys are claiming that you cash out at PAR VALUE, thats 0.20 cents per share, the company is issuing 20,000,000 shares of preffered stock. So that would equal to $4,000,000 payout to its shareholders. really?

:) Youre welcome for clearing it up. Dont let the fake pumpers mislead you. Do your own DD.

Series C Preferred Stock is a preferred stock that will be restricted from redemption for six (6) months from the date of issue and has a par value of $.20 (twenty cents). Series C stock will be issued in certificate form and mailed to all shareholders of record beginning the following week after recording, the week of March 17th, 2014, arriving to shareholders by mail. Beginning September 17th, 2014, certificates will be eligible for redemption for face value in cash or $.20 worth of PVEC common stock. In the event the price per share is higher than face value of $.20 (twenty cents), the Preferred C Series Stock may be redeemed for 1 (one) share of common stock at the current price per share. There will not be partial shares issued or cash issued in lieu of the Preferred Series C Stock. Any shareholder retaining less than 175 shares of common stock in PVEC on the record date will forfeit the right to receive the Preferred Share.


Namaste

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