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Re: DumbDumberDumbest post# 462179

Friday, 06/08/2018 1:50:25 PM

Friday, June 08, 2018 1:50:25 PM

Post# of 801122
Buying Preferred at these prices means ~5x ROI to Par Value. Upon conversion to Commons, that means I'm getting 5x more Commons by buying Preferreds now.

Buying Commons now means the most I will see is ~2-3x from these prices assuming IPO of $4-5. That's a net-negative versus buying Preferreds.