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Post# of 799733
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Commons_Cancelled

Re: Donotunderstand post# 462236

Saturday, 06/09/2018 10:21:08 AM

Saturday, June 09, 2018 10:21:08 AM

Post# of 799733
Then I make more. You're forgetting Preferreds become Commons at Par. This occurs around the $4-6 IPO price. Then they're long Commons from that point forward and participate in any further upside.

It's all about the initial conversion at Par. Commons just get to sit and watch the dilution reign down upon them

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