RE:RE:RE:RE:The preferred shares Pref holders will probably want something like 48 cents. Furthermore, me thinks that they are in weak hands. As at Sept 30th, there were 61.5M pref shares to get rid of. They cost PTG $250K/month (USD) in div.
There are a few ways to get rid of them:
1- Force conversion to common shares... and see 61.5M common shares being dumped on the market... not a great idea.
2- Gradually buy prefs back (hopefully at a price lower than 48 cents, with PTG's CF) once the contingent consideration payments are completed.
3- Move to a US exchange, do a sec. offering to buy the prefs.
4- Wait years and years for prefs to get tired and convert to common shares, and then sell the common shares on the open market... Like watching paint dry.
Me thinks that a sec. offer on a US exchange is the best option (once PTG has 5 to 10 cents eps and at least a 10 p/e). Anyways, PTG is a US company, doing business in the US and reporting in USD. As soon as it qualifies for a US listing, it should move over there. JMVHO
Cheers
CQFD
PS: BTW, PTG does business and reports in USD and our CAD is now at 81 cents :-) All PTG numbers (sales, CF, eps, etc...) have gone up in CAD (PTG's share price is in CAD) :-)