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sevenOdouble

11/08/12 12:04 PM

#28423 RE: iambadbert #28422

There are no Preferred shares in TGGI
Shares Authorized: 5,000,000,000
Shares Outstanding: 2,952,452,631
Public Float: 2,872,452,632

BCAP has Prefs with a 1 x 10k conversion rate & this cannot be used for TGGI. Besides the BCAP AS is locked and no RS for 2y.
I used to follow BCAP, not anymore but if I recall this correctly those Prefs serve as mean to have a majority in case of voting... FWIW