RE: RE: RE: Regarding Pref As Double I says,
"Um, no. It says the conversion price is equal to the greater of $2 and 95% of the trading price of the common shares. And which number do you think is bigger: $2 or 95% of 10 cents?"
right, I stand corrected, but the wording as written still does not reflect the wording of the original prospectus. As it states above, ....conversion price is equal to the greater of $2 and 95% of the.......
The prospectus states
"....dividing the then applicable Redemption Price per Series 1 Share, together with all accrued and unpaid dividends up to but excluding the date fixed for exchange, by the greater of (i) $2.00 and (ii) 95% of the......"
A completely different translation yet both coming from the same source. My point is there seems to be some misunderstanding even for the people responsible, around the wording.