Replies to post #323516 on Green Energy Enterprises Inc. (GYOG)

[Manti]

That is correct, and it will most likely remain that way unless one disgruntled pref A holder decides to cash in and walk away.

As it stands, they can issue an infinite number of commons and not dilute themselves, so why convert?

Now, if I were Bill, and got pissed off, I'd wait for the company to get the pump primed and working overtime before converting. After all, 3 billion shares at higher prices is a lot of cash, so why not wait and maximize the return? Heck, maybe he'll wait for the next rs and another major pump job before converting....

[Lebowsky]

It would not be rational to convert.
1. They'd give warning through public disclosure.
2. They'd crash the price, thus not be able to cash out with the theoretical "loot".
3. The structure was modified to get rid of managerial dead weight, and thus, was part of making QASP live, and able to grow and expand today into lucrative areas to build common shareholder wealth.