yes, roisearch, I noticed that it was 3 months from the date of the preferred stock certificate and I mentioned this in a later post, but this company couldn't be as slimy as delaying the date of the certificate until months from now, could it?
[wink wink]
has anyone received these preferred stock certificates so that we can see what date was stamped on them
==============
Posted by: roiresearch Date: Tuesday, February 17, 2009 8:58:19 AM
In reply to: the_worm06 who wrote msg# 11251 Post # of 11288
You made a mistake in your DD worm
Just read the last 3 prs... It's in the 12/1/08 PR to be exact
Also, per the PR: " No conversion of the preferred stock to common stock can occur until after the preferred stock has been held for at least three months from the date of the new certificate"
No one knows the date of the new certificate. This is so vague. The company could put a 'born on' date of 12/31/09 (or any other date for that matter) on the cert and won't be exercisable for over a year. No one knows, and that was the scariest part of deciding whether or not to convert.
But also, a way for the company to avoid dilution is to r/s again and get the share price well above .22; in this scenario both the pref holders and common holders get shafted.
Of course, this pinksheet stock may develop legs and decide to run on it's own.
Market Data 
Markets 
AI
