If you had a nickle to every time you miscalculated the number of shares you'd would have from a company that did two reverse splits of 400:1 you'd have ahhh.... a nickle. Did anyone notice the preferred shares were not mentioned?
if they round up you'll have 4. Much easier to manage and maintain. ERFB was worried that you might not be able to store 1500 shares. You wouldn't want to misplace a beauty like this.
such a precipitous drop in the PPS is a sure-fire sign that there's a 500-pound gorilla intentionally driving the shares lower so they can buy the company for a song. Their plan is to buy ERFB outright with the 500-lbs gorilla BOD's pocket change or with a personal 3rd party out-of-state check.
I'm leaving on a jet plane,
don't know when I'll be back again.