Replies to post #7178 on Make you say WOW, everytime.

[prsch3259]

Basically they won't have enough shares to pay the execs (Dennis), because the preferred shares when converted, will put BEHL in a position to have more shares outstanding than authorized (2 bill) (the over issued shares is called an overhang). So when they R/S the authorized remains @ 2B and then they can convert the preferred. Hope this helps