ABCO Energy Inc. (ABCE)

[nudie]

It must be Redrocks pref c shares. They have 240K worth of pref c shares convertible at 35% discount. They started just before RS, so lowest possible conversion rate is 0039. Thats why you dont see any sells below 004 (and also appear on bid). Assuming they wont go lower as they paid a 85K premium to original holder.

Question is now which amount they converted. I think it is the first tranche of 70K. 70K would not be much, if not market cap crashed almost 90% which makes pref c shares worth more then normal outstanding stock.

Company needs to step up and avoid future conversion below .01. Look at the diffence 240K at .01 would only be 24M vs 61M if converted at 0039.