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Posted On: 06/12/2018 1:21:53 AM
Post# of 6614
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Re: ready2gorstay #2080
If I understand it correctly....each preferred share must be held for 1 year. But since you have to hold it for a full year, you get it as a discount. After the year, you can convert those shares at a rate of 1 preferred = 100,000 common. So yes, as the preferred shares convert, they will dilute the share structure.
Buying preferred does nothing to the PPS.
Buying preferred does nothing to the PPS.
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