Friday, November 10, 2017 10:59:35 AM
So again...if they give back shares to retire and the company just turns around and gives them more stock at the same time...what’s the point? Why not just hold onto the stock they bought?
If you are talking about the company giving them preferred stock in exchange for the common...the only way that would make sense to such an investor is if it was convertible...so that just becomes a transaction where stock is taken out of the OS just to be added back later.
And the only time I have seen that done in the OTC...is with an affiliate who wants to protect them self from a reverse split.
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