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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: broke1 who wrote (421)9/5/2012 10:33:18 AM
From: mrpanick  Respond to of 3620
 
I own some of the pref and have not received a notice. Might call my broker to check. I know that the pref prospectus has a provision that under certain conditions (i.e. if the common is bought out at less than $5 per share) the conversion rate of the pref increases from 4.5 shares common to 20 shares common. Perhaps recent events have somehow triggered that provision?



To: broke1 who wrote (421)9/5/2012 10:49:02 AM
From: kollmhn  Read Replies (3) | Respond to of 3620
 
Given that the pfd is trading at $2 and the stock at $.18 it would appear that converting to and selling the common makes sense. Unless, of course, you think the pfd will get some kind of recovery (in excess of 2%).



To: broke1 who wrote (421)9/5/2012 11:35:21 AM
From: Robohogs  Respond to of 3620
 
Who is broker? TIA.

Jon


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