Supposedly you do not need to continue to hold the common shares you owned on 3/14/14 in order to receive your "gift distribution" Series C Preferred Shares. However, the PR was ambiguous as it did not take into account the T+3 settlement period and the company has not clarified this.
I suggest sending an e-mail to ir@pvefl.com to ask Kerry for all details of relevant dates as to when you had to have bought to receive the distribution and when you can sell the common shares. If you bought on 3/14/14, You shouldn't have to hold them for more than three days after purchase.
This $4 million "gift distribution" is very bizarre and I believe just more evidence of repeated pump and dump price manipulation of PVEC stock so the company can dilute.
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