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wingtrade

12/16/14 3:42 PM

#11032 RE: RobinIV #11031

well, i stand corrected. that changes things.

stayfocused

12/17/14 2:32 AM

#11039 RE: RobinIV #11031

Nice find Robin, just to add for peeps that haven't seen this from the latest 'Q' as to number issued and outstanding of 'G' preferred shares.

Preferred stock, Convertible Series G, authorized 400,000 par $1, stated Value $50: 218,086 and 198,074 shares issued and outstanding

Preferred Stock
Convertible Series B, par value $2; 65,141 shares issued and outstanding
Cumulative Series C, par value $1; 64,763 shares issued and outstanding
Convertible Series D, par value $1; 0 shares issued and outstanding
Convertible Series E, par value$1; 0 shares issued and outstanding
Convertible Series F, par value $1; 0 shares issued and outstanding

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10307128

I had to look up what Cumulative prefrred stock was so here's the difference between Convertible and Cumulative preferred stock

Convertible preferred stock—These are preferred issues which holders can exchange for a predetermined number of the company's common-stock shares. This exchange may occur at any time the investor chooses, regardless of the market price of the common stock.

Cumulative preferred stock—If the dividend is not paid, it will accumulate for future payment

http://en.wikipedia.org/wiki/Preferred_stock