I'm not saying these shares will not be closely held Indy? Perhaps that is what you mean? I highly doubt this group have any immediate desire to see the price slip? They funded at .50 after all that should indicate a likely line in the sand for a closely held company imo... Never the less the preferred is part of the market valuation and potential outstanding and float going forward. Whether it be the A or restricted shares such as WSGI owns. There are also poison pills that use Preferred shares and company owned Preferred so I said before until we know ownership we have no clue regarding intentions. They are part of the potential outstanding and float for valuation purposes as they are apparently issued with owners. But I don't expect the valuation of DRNE to fall very soon if at all.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.