There could be other reasons for the increase but there is no way I believe that the preferreds are the reason. That would mean they would totally destroy the entire stock if 300 million additional shares from the current fully diluted share count wouldn't be enough. That is insane. And now at a time where their business is booming?
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.