Posted On: 09/04/2014 7:07:55 PM
Post# of 30035
Re: SouthBreeze #5546
The first two entries are defining the conversion of a total of two 100,000 share lots from preferred C to common stock.
Definition of 'Convertible Preferred Stock'
Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date.
Also known as "convertible preferred shares."
Definition of 'Convertible Preferred Stock'
Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date.
Also known as "convertible preferred shares."
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