RE:Trickery suggestion was mine and I apologize.Lynx9 wrote: First an appology. It was I who confused the matter of whether or not the Series 1 Preferred shares would be subject to the 1 for 60 rollback by suggesting potential trickery to the question. I should not have! I believe that investor fatique is to blame for the discussion turning from respectful to rudeness.
It was a simple question that I can't get answered from PMN's office and thought perhaps some here might be able to supply a firm answer. Will the 70 million Series 1 Preferred shares be subject to eventual roolback as the common were? That's it! The news release only mentioned a common share rollback.
Again, my apologies for making such a suggestion.
L
As I understand it, the preferred stock price is set at 10 cents US. Their number does not change. They cannot vote. Once converted to common shares the conversion ratio will apply.
G1945V