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geocappy1

07/25/12 8:11 PM

#84958 RE: jbainseky #84952

I will google it but if your description is correct, if it cost $11 for 1/1000 of a PS then it cost $11,000 for one preferred share which would give them 1000 additional shares. Furthermore, if the offer was $11 for a common share wouldn't 1000 times that be $11,000 or break even for the cost of the PS?