So, I contacted Mr. Kreisler for clarification in order to reduce some of the unknowns and speculations.
The question: Are we getting common or preferred shares of PVSP?
Mr. Kreisler's response: "They are currently in the form of preferred. We are still working through the regulatory and tax opinions required to execute. However, if we are successful, then it would involve the conversion of preferred shares into common shares, followed by some form of transfer or exchange transaction inasmuch as the entire point is to enable our shareholders to access liquidity without restriction. To be clear, we have no confirmation yet on how long a successful plan would take. The estimates from counsel include a broad range. We obviously want it done as soon as possible, and that is what we are hoping to accomplish."
We inquired if we could share this. His response: "Yes, with the caveat that no transaction that involves my holdings in PVSP/Artizen would be completed unless it is done on terms that benefit shareholders of both companies."
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