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Thursday, March 27, 2014 1:57:38 PM
A quote from the email Fahrenheit posted:
We are protecting our investors in the company and they will receive after Finra approval what they paid in Preferred shares.
What you PAID FOR in preferred shares. This is fancy English for "converting your commons to preferred"....
After they convert, they'll R/S and dilute it down to cover the debt. THAT is why this price hasn't taken off. I'm done for the day. Waiting for a pop tomorrow and getting far far away. Bilf it's been fun I'll see you on another stock!
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