RE: Divies before force conversion of B's?
The B shares can be converted to common as early as June 2012 but no later than June 2017. There is 5 years before the B's need to be converted. Something has to be done with the A's as they expire in Dec 2012.
Note, the credit facility is not calling for conversion of the B's, just the A's. The credit facility says the A's can not be retracted for cash. IF they force conversion of the B's I am reasonably sure there would be a class action lawsuit for the loss. I would join the action if they did.