Your right there is no way PASO & CLX would put shareholders holders in a position to be locked in for 2 years of PASO only stock by converting when they as insiders already know if their shares are in fact CLX. From some posters today said their brokers conversion deadline is 10-13...so that means a PR will have to go out about this tomorrow or Monday at the latest.
Dear JG PASO & CLX, Could you please put out another AM explanation or PR to clarify the tender offer?
If we do convert our common PASO shares to the preferred for 2 years are the preferred shares going to be PASO or CLX because if they are remaining PASO for 2 years I would NOT want to convert. However if they are in fact CLX I would like to convert.
Maybe if someone plus 1 coins this they will see it sooner.