CBD Denver Inc (CBDD)

[PRmaniac]

Reverse split coming. CBDD does not have enough shares authorized to allow conversion of notes.

Note also that, since the CEO holds preferred shares that he can convert to 8.25 billion common shares, investors here own less than 1/3 of the total CBDD equity.

If the CEO starts giving out more preferred shares to his cronies and debtholders, then that percentage-ownership by investors may drop to less than 1/4 of the total equity.