Your analysis of the preferred shares is flawed by the fact that the CEO owns 75% of them. If he decides to relinquish them to make a deal then your pps is nothing near accurate.
Why dont you consider that analogy first then enlighten us with the potential pps with a buy out!
DONT FORGET PEOPLE THE "POISON PILL" AND HOW IS COULD SAVE US FROM
A HOSTILE TAKE OVER> ITS THE PROTECTION NEEDED IN THIS BUSINESS ESPECIALLY RIGHT NOW FROM NON US ENTITIES.
