Yes, I did read your last post. $1000 to convert the shares. TDA charges $500.
PTEL's OS is around 3B as of two months ago. Please show your calculations on how you came up with 12B?
There have been many posts here suggesting PTEL will crash come April 3 because everyone will be cashing in their PTEL divi shares. I submit that is a fallacy. Let's go with the most likely to happen, and that is nothing. Bid remains at 0.0001 come April 3. How many shareholders are going to spend $500 (or more) in order to sell their shares? I would say none. So, where does the 12B overhang come from? Certainly not from the added preferred shares. We don't have 9B in preferred shares here. Your assumption is that ALL preferred shares are converted to common shares and that gives us 12B?
Maybe this is what Tony had in mind. Giving his investors a stake in PTEL/MMX and at the same time give PTEL a chance to increase in value without the stranglehold of a 12B OS.
That might have happened if he had given us common shares instead of preferred shares. What do you think?
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