Replies to post #25793 on Enviro-Serv Inc (EVSV)

[Bernie-UK]

In your example, you get 2000 Pref C shares. What you are missing is this:

The Preferred "C" shares are convertible into 100 shares of class "A" common after the one year period elapses.

Which then gives you 20,000 shares after the restriction. A full 20% as stated

[Bernie-UK]

Oops, meant 200,000 common shares after 1 yr