Replies to post #154778 on Eternal Image Inc (fka ETNLQ)

[dffhogs]

Not sure if I agree. From the form 4:

( 2 )Reporting person returned these securities to treasury for possible future use by the Issuer.


Will they stay "preferred" or will they become "common"??

I think the company can make them anything they want when they are in the treasury.JMO

[LC-GATOR]

Hi Al,

Gators did real well, hope Percy and Brandon Spikes stays.

According to their filing on 01/09/2009


Preferred stock converts on a 1-to-1 basis and has 1-to-1 voting rights


Each share of preferred stock converts on the holder's election into one share of common stock.


http://idea.sec.gov/Archives/edgar/data/868756/000105291809000012/xslF345X02/primary_doc.xml