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janice shell

03/27/14 7:14 PM

#125181 RE: Geofferey #125172

So why would the board approve his conversion for he is on longer in charge?

What board? Pawson's the only board member.
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jackg152004

03/27/14 7:16 PM

#125182 RE: Geofferey #125172

Agreed. Sounds to me like these shares are likely going to be cancelled and returned to the treasury.

Also, even if they aren't cancelled there isn't enough room in the A/S for him to convert and sell more than 300M.

Like I said though, I believe all, or at least a good portion of, previous management's shares will be cancelled.