Preferred shares convert to common @ $1 at 2:1 ratio. Means the preferred shareholders will break even when the common shares are at $2. That is the starting point. Since this is done by the family office they will make sure to get it to that pps fast. The way it is done is they tell other family offices and all shares are gobbled up fast.
One has to be willing to hold for few months for life-changing gains. Even if you sell at 2x-4x profit keep some for the long haul and check the account after 6 mos.
My opinion is based on what they have already said in public. If what they have said doesn't come true then obviously things will be different.
Fools argue to win, so stay away from them and still say Thank you. Smart people argue to seek the truth and say "Thank You" when they find that they are wrong.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.