Replies to post #10482 on Praxsyn Corp (PXYN)

[Rhenarium]

The silence is deafening re the fact that the 10q is unaudited.

Fully diluted o/s came in a little over 700M, which is less than I expected.

It looks like the preferreds are entitled to only $40 per share (0.04) in the event of a buyout. I THINK the 10q is saying, however, that preferred holders get their $40 before common shareholders get anything, so that common shareholders would get nothing if the buyout were for less than $200M. The language is difficult, however, so I welcome thoughts on this interpretation. On the down side, if PAWS DOES make it, the fact that preferred shareholders will get only $0.04 in a buyout obviously gives them an incentive to convert to common and sell.