Replies to post #18885 on PGI Energy, Inc. (PGIE)

[dcool1]

it a preferred stock. pgi has 20M shares of preferred stock that they intend to use for financing. preferred stock is restricted to the terms connected to it at its issuance. (ie: convert rate, length, par value, interest, if offered, etc)

you will not be able to convert this dividend into common shares of pgie for one year.