CBD Denver Inc (CBDD)

[PRmaniac]

4 billion shares authorized, 3.9 billion shares issued, as of April annual report.

This is quite a concern, because they have basically run out of shares to issue for cash or services to stay afloat.

An even bigger concern is the 5.5 million preferred shares issued, mostly to Veve and insiders by Veve.
Each preferred share is convertible and can be converted to 1,500 common shares

5,500,000 preferred x 1,500 = 8,250,000,000
Wow, over 8 billion common shares, and the authorized is 4 billion (almost all issued already).

Not sure what Veve did to deserve giving preferred shares worth over 2x the current market cap, and resulting in total destruction of real shareholders' value.