db_s99, i'm not sure of the details on these preferred conversions, but imo they are nearly finished, if not done already, which would explain why dean has been saying a PR will come out soon on the share structure. when all is said and done, i'm not sure we'll see this (equus preferred) info in a filing, but the only thing that really matters to me is hearing the OS is capped. i can't wait. :-)