Replies to post #34540 on Protective Capital Structures Corp. (fka PCSO)

[Dimadaggs]

They can only convert up to the A/S for preferred, thats how I'm reading it , preferred A/S is 10 million if I'm not mistaken....

[UtahUranium]

From the way im reading it, it states at the end of 12 months any of the Preferred Stock not coverted to common stock would automatically do so. Here is the kicker, with our current 10 billion A/S, which 50% of that is already taken so they only have 5 Billion to work with without raising the A/S. What this is saying in so many words is that the share price would have to be ATLEAST 0.20 pps for each common share of stock. One thing for sure is after 1 year all 1 billion of those Preferred Stock shares will be coverted into common stock, so worst case possibility without them raising the A/S is each share price is $0.10 pps per common stock at the end of one year.
IMHO