Capital Financial Global Inc (CFGX)

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What I find most interesting is the seller of the business was willing to accept dividend paying preferred stock at $1 per share valuation in exchange for the bulk of the purchase price. Who would want $500,000 of useless stock? What’s even more interesting is that preferred stock converts to common stock at a ratio of only 2 to 1… Meaning if you converted from preferred to common it would only be 1 million shares. So where is the value? In the dividends… Clearly there is a plan and the seller of the business saw value in the plan. I’m adding.