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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (78380)	10/27/2025 10:11:34 PM
From: Elroy	Read Replies (1) of 78412

"Look at what I posted" isn't terribly helpful. See my previous post of the other Preferreds w/ links; If you convert based on shares at $2.50/share you have to go to the perspectus as each preferred has a different conversion rate. For the SOHOB the conversion is $20.72. What does that mean, "the conversion is $20.72"? I read the SOHOB prospectus and it says "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 than the liquidation preference of the Series B Preferred Stock." So if you own SOHOB you can exchange them for 1 x 8.29187 share of SOHO. Since SOHO is being acquired for $2.25 one share of SOHOB can be converted to 8.29187 x $2.25 = $18.66. How do you get a conversion rate of $20.72 for SOHOB? -- Where do you get the idea that some of the SOHO preferreds are in arrears? That's a simple question. "look at what I posted" doesn't answer it. I read what you posted. What you posted produced my (very simple) question.

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