Thursday, August 02, 2018 11:25:55 AM
I agree with you to an extent about the o/s being around 190,000,000. That is not what the o/s count is currently. That would be the o/s share count IF all of the series A preferred stock shares were converted to common shares. Why convert, now, to common shares when there's a dividend on the series A shares though?
Yes, to Smalls point, there will be a larger number of shares to convert to common shares (dilution) at some point BUT that is not currently happening. That is not what caused the 30% drop a week ago to 11 cents. Anyone can speculate and give their opinion but that's all it is, an opinion, until verified by facts. The fact is I don't believe 242,572 shares of dilution is what caused the drop to 11 cents.
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