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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: AuBug who wrote (62528)12/11/2008 10:12:28 PM
From: goldsheet  Read Replies (1) | Respond to of 78407
 
> an force conversion and get out of paying the dividend?

Redemption, yes, but "plus all dividends undeclared and unpaid"

It is in note 10 of the 10K on their website, which you
really should read because it gets pretty complicated.

Series B has $50 redemption plus cumulative dividends.

The C is not reedeemable, but does mandatory converts into shares on January 1, 2011.

Acquisition or liquidation is the best way to turn the B into $50 and the C into $100