RE:RE:RE:30 minute call to their office
Might I humbly suggest that you read all the fine print attached to the Series A Preferreds...particularly as relates to the various terms/ prices/ time frames and/or caveats built into the fine print of any potential chosen or forced conversion.
Yes....the company 'could' force the conversion after mid 2013...and that's what they were just attempting to do. Unfortunately, by the Company's own admission, they did not have the necessary support from the Preferred holders to succeed ( because the holders didn't like the watered down terms offered )...and that's why they've had to put the forced conversion on ice.
The Preferred holders have the Company in a bit of a bind ( read the 'Terms' and you'll see why )....and think about it. If the Preferred holders wouldn't agree to the forced conversion....why do you choose to believe that they would, at the same time, wilfully convert the shares on their own at these low prices...it would be illogical.
Certainly your choice/privilege to believe what you choose....you're supposed to think on your own and look below the surface..... but the price isn't imploding because good things are happening.
Luck to ya'...you may need it along with a loooooooong time horizon.