Replies to post #4525 on Beacon Power Corp. (fka BCONQ)

[Ecomike]

Unless I misunderstand this, is this not a huge hair cut for retail investors?

"Each share of Preferred Stock has an initial stated value of $1,000 per share, and an initial conversion price of $0.25234"

"warrants to purchase an aggregate of 44,582,707 shares of Common Stock"

And what are the conversion rates for the prefferred? Too many missing details there for me!