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Post# of 148335
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pitboss22

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pitboss22

Re: bucks2pennies post# 144078

Thursday, 09/10/2015 6:35:47 PM

Thursday, September 10, 2015 6:35:47 PM

Post# of 148335
No, the company can't decide that the shares are "worthless". They have and ascribed value of 20 cents per share. The company is obligated to redeem those shares at the ascribed value (or above). The ONLY way the shares can become worthless is for the company to declare bankruptcy. big smile

If the company were to declare bankruptcy, the Series C Preferred shareholders would be first in line to receive any liquidation distribution from the receiver. Common shareholders would be SOL. big smile

Hope that helps. wink

Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.

Good DD IS finding out what the company and CEO do NOT want you to know.

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