Up at 330 am for the market open, aunt is home and in a better mood, uncle is happy. He gets up at 4 makes lots of noise and leaves at 5, he has to be on deck by 5, so he is often late. I think he is losing it to be a pilot flying jets.
Either way Hawaiian Airlines 10:10 pm red eye to LAX tonight but not before sushi at Yanagi for dinner on Kapiolani Blvd on the way to HNL. Gonna hit the bed for 2 hours after he leaves, and hit Kailua Beach for a sunrise walk one more time this am.
But I agree with you, it makes no sense to purchase $50,000 ish of common stock in the open market and then effectuate and execute a SPA for preferred stock that gives you control. You cannot sell the commons as they become restricted automatically.
Why spend $50,000 when you can spend $500 and R/S the stock.