Post by
Lynx9 on Jul 01, 2022 3:35pm
Trickery suggestion was mine and I apologize.
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
Comment by
BottomBroker on Jul 01, 2022 6:33pm
Fear not, Lynx. This discussion is not new. No matter who is charge - be it Elliot and Gene, the Boston group, Warren Buffett or Jesus Christ - the small, supsicious-minded posters on this interwebs chat board will never be happy. The fix is always in, and we, as regular investors, always lose.
Comment by
G1945V on Jul 02, 2022 6:41am
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
Comment by
FarmerBetty on Jul 02, 2022 11:16am
Hence, why the stock was engineered to near 5 year lows. Won't need to be concerned about voting rights. Preferred shares take precedent over common shares.
Comment by
G1945V on Jul 03, 2022 6:25am
Your crystal ball is at work again Betty. What conspiracy theories is it telling you now? G1945V