Replies to post #40107 on Patient Access Solutions Inc (PASO)

[Stock Farmer]

Looks like they would be adjusted when converted to commons.

Many times preferred shares are not subject to a RS. Depends on language in the Corporate Action filing a company files with the SOS and with FINRA.

*Convertible Preferred Stocks are a slightly different animal. The offer the investor a lower interest rate than regular Preferred Stocks, in exchange for the option to convert the Shares into common stocks. Consequently, if the underlying common shares do split, there is a mechanism in the terms of the convertible to adjust the convertibles conversion value accordingly.