Value Investing Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Madharry who wrote (78407)	10/29/2025 12:59:51 PM
From: E_K_S	Read Replies (1) of 78430

SOHO conversion 1) you have to dig into the original prospectus for each preferred and they give you the No of shares x the price per share if you "elect" for the conversion price. It's different for each of the series of preferreds. 2) Does it include the dividends in the arrears? NO ! 3) The Only way you get the div in arrears is to own the preferreds (they are cumulative) and if they are called at PAR $25, you woulds also get the amount in arrears almost $2/preferred. 4) Div in arrears can also be made as a "special dividend". None so far The Preferreds actually has an imputed value of around $27/preferred if called at $25. -------------------------------------------------------- Can the Private Equity group just ignore this liability? Maybe but Preferred shareholders can elect two Board members if dividends are 4 quarters in the arrears (which already has occurred). I saw no mention of new Board members in any of the press releases.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next