Replies to post #152355 on Plastic2Oil Inc (PTOI)

[jimmenknee]

You'll know more next Q, but the shares appear to fall along typical lines. Keatings Preferred Share investments in general:

(3) The shares of common and preferred stock represented by these investments are subject to legal restrictions on transfer pursuant to the Securities Act of 1933, as amended (the "Securities Act") and may only be sold pursuant to a registration statement under the Securities Act or an available exemption from registration thereunder. These shares are also subject to a contractual lockup for a period of six months following completion of an initial public offering.
(4) The shares of preferred stock represented by these investments carry a non-cumulative, preferred dividend payable when and if declared by the portfolio company's board of directors. Since no dividends have been declared or paid with respect to these investments, these investments are considered to be non-income producing.
(5) The shares of preferred stock represented by this investment carry a cumulative preferred dividend, which is payable only when declared by the portfolio company's board of directors or upon a qualifying liquidation event.
http://www.sec.gov/Archives/edgar/data/1444706/000115752311006591/a50058708.htm

You have a fair point in not knowing total share structure, can't help you there. Perhaps a call to the company?