But seriously and hypothetically, if the CEO were to return his shares and take a controlling preferred position, that would cut the o/s literally in half and the market would jump all over that shit.
He only has like 300k shares he can sell, the rest are control, so I'm at a loss as to why he keeps the other 9 million weighting down the pps.
He'd actually double the value of the 300k commons he could keep and still have controlling interest.
And if he could get a few others to flip say another 3 to 5 million into preferred placements.. forget about it, that would put the pps easily in the $2 range over night. They'd hit $5 in no time and the CEO's 300k commons would be worth $1.5 million.
And what's crazy is at least a 50% decrease in the o/s is actually possible right now.
But the reality is that doesn't seem to be in the plan and at some point soon the o/s will need to go up again. There's still 100 million shares authorized, there has to be a plan to it.
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