Your 100% correct it's not an issue, for retail or stock price. It's a way for company owners to maintain ownership in hostile take overs on the big boards and after large funding partnership deals on the OTC. Nothing more. Just a way for the one who built the company to keep it his, if he wants.
By the way that blank check preferred showed me that management knew what they were doing. Another thing telling retail this is a good business savvy CEO.
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.