SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E_K_S who wrote (78363)10/27/2025 10:59:38 AM
From: Elroy  Read Replies (1) of 78412
 
I panicked and sold my SOHOB!

Ha ha, lost 2 cents per share.

This sentence in the series B prospectus concerns me "Each holder of Series B Preferred Stock is entitled to receive a maximum of 8.29187 shares of our common stock per share of Series B Preferred Stock, which may result in the holder receiving value that is less thanthe liquidation preference of the Series B Preferred Stock."

Can the buyer of SOHO at some point force conversion? In other words, if it refinances the preferreds, does it have to pay holders $25, or can it force conversion into SOHO stock, and then give you the $2.25 acquisition price in cash? Or can it force conversion of the preferreds into SOHO stock, and you're left with a non-public security?

Hmmmmm
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News