InvestorsHub Logo
Followers 28
Posts 711
Boards Moderated 0
Alias Born 01/31/2005

Re: rjbluesky post# 11509

Wednesday, 08/23/2017 3:27:19 PM

Wednesday, August 23, 2017 3:27:19 PM

Post# of 45833
why would they do that? They already owned 46 million common shares between them that they locked up for 3 years. They canceled those, converting them into the convertible preferred shares on a 1 preferred for 10 common bases. They already own the company. Why in the world would they want to spend more money buying back shares and canceling their preferred? You make no sense whatsoever.

Note: If there is a problem with anything I post, please be kind enough to drop me a private message and let me know what it is so that I can correct anything that violates this board's rules.