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Re: Ej23ny post# 11068

Wednesday, 10/23/2019 12:25:45 PM

Wednesday, October 23, 2019 12:25:45 PM

Post# of 18220
Yes, I guess some of the money raised by preferred shares could go to pay debt in default, but you actually have to sell those shares. In order to do that the company will need to have a revenue stream. No revenue stream the company will be using the shares they give away to pay off other things besides loans already in default is my guess.