Replies to post #108840 on Drone Services USA Inc. (DSUS)

[denali007]

please read closely. one last time, par value.20, face value.20
read pr 5 times if need be.....
lets put an end to this.

[Marauder65]

Homer knows he wants cheapies..

FROM KERRY COMPANY REP JUST NOW .

With regard to the preferred C distribution, these are convertible at a pps higher than 0.20 at a 1 for 1 conversion. In other words, if in six months after the date your certificate is issued the pps is higher than 0.20, you have the option of converting your preferred shares for common at a 1 for 1 swap. However, if the pps is below 0.20, you can submit the c shares to the company for redemption at 0.20 per share. Pretty simple.

Yes, we do know that the value of 20 million preferred C shares at a 0.20 value is 4 million USD.