Independent Film Development Corp. (IFLM)

[Bronx2323]

It's a restricted stock dividend not a cash one. It's so they protect all the common share holders if they do a reverse. That way after the reverse if they do one you don't lose your entire position. You can convert the preferred back to common to get your original position back but at a reversed price so worth more. It's a anti dilutive preferred they said they would do as a dividend once it's approved by FINRA