From the 28 February press release:
Hopefully redeeming the certificates will not be as challenging as receiving them!
For the record (hey, am I allowed to say that now that I am no longer with the company??? I'll have to refer to my handy dandy law books for the answer. Or, I could just ask Cassandra.
) the NOBO list is a mess. Well, as far as I am concerned it is a mess. There are a number of people who are not included but should be. This has nothing to do with the date it was requested. All but one person that was excluded from the list held the same position on the date(s) I researched their information as the record date and prior. All but one! I haven't a clue as to why these non objecting shareholders were excluded other than to say this is probably the same reason why we received a tax bill last week from the state for nearly five hundred dollars although we filed on time, paid on time and have an accountant that doesn't miss a beat.
--Kerry
Quote:Beginning September 17th, 2014, certificates will be eligible for redemption for face value in cash or $.20 worth of PVEC common stock. In the event the price per share is higher than face value of $.20 (twenty cents), the Preferred C Series Stock may be redeemed for 1 (one) share of common stock at the current price per share. There will not be partial shares issued or cash issued in lieu of the Preferred Series C Stock. Any shareholder retaining less than 175 shares of common stock in PVEC on the record date will forfeit the right to receive the Preferred Share.
Hopefully redeeming the certificates will not be as challenging as receiving them!
For the record (hey, am I allowed to say that now that I am no longer with the company??? I'll have to refer to my handy dandy law books for the answer. Or, I could just ask Cassandra.
) the NOBO list is a mess. Well, as far as I am concerned it is a mess. There are a number of people who are not included but should be. This has nothing to do with the date it was requested. All but one person that was excluded from the list held the same position on the date(s) I researched their information as the record date and prior. All but one! I haven't a clue as to why these non objecting shareholders were excluded other than to say this is probably the same reason why we received a tax bill last week from the state for nearly five hundred dollars although we filed on time, paid on time and have an accountant that doesn't miss a beat. --Kerry
