Replies to post #1450 on Electronic Game Card, Inc (fka EGMIQ)

[Chance To See]

It’s Trafelet

See post #584.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33121074

 
 Trafelet's holdings before his sales last fall 
   
  4,517,647 shares of common stock (before the recent sales)  
    960,000 warrants, each convertible at $.50 to one share of common stock,  
            expiring 3/24/10  
  2,851,686 Series A Shares, each convertible at $1.01 per share into about  
            1.485 shares of common stock.  If these shares aren’t converted   
            prior to March 15, 2010, they are redeemable for $1.50 per  
            share + unpaid dividends.  
            (Don’t know if this means the company must redeem them.)  

I don’t have time to re-check the details now, but this was my understanding of conversion prices/amounts when I looked into it last fall.