Even though this newly declared "restricted preferred share distribution" scheduled through FINRA has a record date of 4/15/14, PVEC traders and investors should realize that it likely has an ex-dividend date two business days earlier (even though it wasn't announced) due to the T+3 settlement time to be recorded on the register as of the record date.
PVEC really needs to clarify ALL of the terms of this newly-announced preferred share "distribution" and if it supersedes the previously announced Series C "gift distribution" announced on 2/18/14 with a record date of 3/14/14.
If it supersedes the previous announcement on 2/28/14 of a $4 million "gift dividend" for shareholders of record as of 3/14/14, does the company have any plan to compensate shareholders who qualified on that date but later sold their shares and would not qualify for the newly-announced "distribution?"
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