PDIV will be forced to pay minority shareholders the highest paid price PDIV paid for shares. This a law to protect minority shareholders. It is part in parcel with the requirement of why shareholders over 5% must start reporting transactions.
Usually on a real company this works out ok for everyone; since as a takeover party buys up shares they raise the price. It then prevents the last 5% from extorting an unfair price which 95% have agreed to.
In this situation as has been explained for over a year; the preferreds convert to nearly a trillion shares and zero common shares need to be purchased on the market for a 99% holding. It is part of the toxic funding issue. There is no share price increase to get to an over 95% holding. It still does protect shareholders who could end with zero in a freeze out.
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