I said if they were just selling the Preferred B it would be better (and not the 10 cent shares). The company doesn't seem to respond to anyone else looking to invest directly into the company - it's all for Joseph Wade (unless you want to buy shares at retail on the open market so that he can get his free B)
Seems to me your hangup is the individuals getting the new preferred shares.
NO! My hang-up is that they are selling shares at .10 that get dumped into the market to then buy that preferred for free and get $200 per pound. It's egregious. Plus, this individual should be disclosed...
If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.