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Confused. Someone, please help me out here. The Preferreds.

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ThirdSyte   Tuesday, 08/20/19 06:07:32 PM
Re: None
Post # of 1444 
Confused. Someone, please help me out here.

The Preferreds. Take for example the Series D -- executable at will.

How are they valued?

I see they were issued par .0001.

If this is the case, there are about 450,000 shares that can hit the market, 299x the given value.

Not too bad, and could explain the recent sales.

But, I also see a note with a $20.00 evaluation. That would make each series D (at a .02 strike) worth 1000 shares of common -- adding
485,000,000 shares to the OS.

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