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Lectroneq

07/09/08 9:58 PM

#187991 RE: travel489 #187987

What I mean travel is that once a share is re-aquired by SWVC it is automatically converted back to prefered. If the price of the common is at say .10 per share, then Tom parts with fewer prefereds in any transaction and is much more attractive than a ton of prefereds with a common base of .001 or less.
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maverick one

07/09/08 10:20 PM

#187995 RE: travel489 #187987

That's when he sells them just like other 4's he has filed in other plays...making a tidy profit when he does.