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Don

10/02/20 3:18 PM

#2172 RE: justsayingnow #2171

I agree that the R/S only affects Class C, that is clear from the announcement. It would be quite the windfall for EL to get 12x the value for each Class C share were the A->C conversion ratio to remain constant. By my calculation EL effectively pain 0.001/share. Such a deal!
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TheSummerMan

10/02/20 3:43 PM

#2173 RE: justsayingnow #2171

I think it's a waste of time to worry about conversion rates of preferred shares to common. The preferred shares are a control block. No one sells them into the market. If they ever get sold it will be as a single unit to a new buyer to take control.

Converting them to sell into the market would be so odd and rare that it's not something I'm going to lose sleep over.