Canal Capital 1.30 PFD (COWPP)

[simon song]

I have no idea. I didn’t even know there were preferred shares that are publicly traded.
But the name of the preferred shares are “exchangable at $1.30 prfd”
I have been checking out COWP board as well, but not much info.
So far, just a billion dollar company owner owns big chunk of COWP. And also, status of the company is “Active” in NY.
But sure ran like DCGD on its first day of madness, actually even better and stronger close.
DCGD ran from sub penny to $2 at its peak.
I think COWP is a merger target. There was no activity for 7 years on this shell. But the entity has a LONG history.
COWP and COWPP move together for sure, but COWPP ran much more today. I think they should equal in value. COWP closed at $0.155 today.