RE: Pref-A conversion They didn't say. I would imagine it would before the scheduled June Dividend though. I realize there won't be a dividend but I think if they wait beyond that, then they'll need to convert for more than 12.5 commons per series A to "pay off" the missed dividend. I don't see any reason to rush the conversion before then -- one way or another, it's part of the Q2 reporting equation not Q1.