InvestorsHub Logo
Followers 12
Posts 1102
Boards Moderated 0
Alias Born 01/27/2017

Re: threewheeler post# 184021

Wednesday, 02/26/2020 11:04:24 PM

Wednesday, February 26, 2020 11:04:24 PM

Post# of 203912
DGF has converted fewer than 100 preferred shares so far. What this means is that they still have over 400 preferred shares valued at 10K each, meaning they have over $4 million buying power. But keep in mind they have a built-in buyer discount based on a formula that they agreed to.

Example: Average of the 3 lowest closing prices over an 8 day trading period = $.05 multiplied by 75% = $.0375 Minus $.001 = $.0275