![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, March 03, 2014 7:58:57 AM
Let clear this up for the "face value" v. Par value argument for those who think FACE VALUE means MARKET VALUE.
It does not... FACE VALUE means PAR VALUE.
Same goes for scalping tickets. Selling a ticket at FACE VALUE is selling it at the ISSUER'S STATED VALUE. if its a crappy concert and no one is attending the MARKET VALUE of that ticket goes down but the FACE VALUE stays the same. If its a sold out awesome show... The MARKET VALUE goes up and you can sell it for more.
"Par value, in finance and accounting, means stated value or FACE VALUE. From this come the expressions at par (at the par value), over par (over par value) and under par (under par value). Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. "
the PR states preferred may be redeemed at Face Value because to use the terminology "redeemed at par value" is incorrect terminology.
"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"
NOTICE IT STATES IN THE PR THAT THE FACE VALUE OF THE STOCK IS $.20
Its semantics. But make no mistake... These preferreds will be redeemable for $.20 per share.
all statements made are my opinion and ONLY my opinion
FEATURED Mawson Finland Provides Update on Exploration Activities at Rajapalot • Aug 21, 2024 9:06 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM