Or what if you had known that each preferred share is actually only worth seven tenths of a penny no matter what the price of the common share is at when you convert back. That is another kicker.
I've put this out the past few days after analyzing the company supplied formula and no one has shown my thoughts to be mistaken.
The company has to try and correct this mess so that preferred shareholders also stand to gain if the company miraculously succeeds and the common share price goes way up, and especially if they have any regard for long term shareholders--another very big "if".
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