bunne, you need to read up on preferred shares and how they work, in order to trade them (unless they trade on their own symbol which in this case is highly unlikely), you need to focus on what the conversion rate is to common stock. For example you get 10,000 preferred's for each share you own, however, in order to convert them to common you might have to provide 100,000 preferred's to get one new common share. There is plenty of data on this on the internet just do some homework.
We will really know the value of these preferred's when the conversion rate is published by the company. Whatever that rate may be, we are all still looking at getting additional shares of BKMP for free, so in my opinion this is a great move on the comany's part.
Long and strong BKMP since late last year.
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