JB and ZJMY Holding Co (JBZY)

[Renegades17]

These preferred shares are convertible

Because of that conversion feature, which is not typical of all preferred shares, they will be considered dilutive instruments. As such, when they publish financial statements (still waiting on those huh?), you will see the preferred included in the diluted share count. Comparing these preferreds to the standard preferred issue is wrong. You have to look at the terms.

The new CEO bought convertible preferred shares so that he could gain control upon conversion. Even if you don't want to include them in the share count (that is wrong, but I give up if you don't understand), you should look at the ENTERPRISE value and compare it to BYD. That normalizes for the differences in capital structure.

I rest my case..if you're still in denial or don't understand, not much more I can do.