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flptrnkng

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flptrnkng

Re: mikeonmicrocaps post# 69194

Wednesday, 07/01/2015 8:31:14 AM

Wednesday, July 01, 2015 8:31:14 AM

Post# of 81574
The benefit to holding preferred is the liquidation preference, .0103 per common share, or $700,000 for 1000 preferred.

Could be they want some return on their investment. Anything above .0103 is a gain for them. Of course, without ready buyers, they're kinda screwed if they want to sell more than a couple of 100K per day/week.
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