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betahighlander

04/20/13 11:35 AM

#7299 RE: ~ Blue ~ #7293

one to one is never mentioned- this just another figment of someone's imagination

Redemption Value $25 and $50 for most preferred
they get paid before commons

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feralcomprehension

04/20/13 1:24 PM

#7300 RE: ~ Blue ~ #7293

It seems unwise to base one's investment thesis on hearsay you picked up on an anonymous internet message board. This 1:1 exchange concept has been bandied about since the Ebano days before delisting.

It's not supported by any official suggestion anywhere so far as I can tell, and I've been paying attention since 2008.

Me: Not buying the 1:1 conversion; it's a total wishful fabrication.
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stockanalyze

04/20/13 7:13 PM

#7310 RE: ~ Blue ~ #7293

"In September 2008, we issued to Treasury a warrant to purchase, for one one-thousandth of a cent ($0.00001) per share, shares of our common stock equal to 79.9% of the total number of shares of our common stock outstanding on a fully diluted basis at the time the warrant is exercised."

treasury will have lots of shares and commons could be valued in $0.00001 to be in line with exercise of warrants.