InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,584.54
(
-0.88%
)
US TECH 100
19,659.60
(
-2.28%
)
Dow Jones
39,753.75
(
0.08%
)
Brent Oil
85.07
(
-0.05%
)
Bitcoin
57,064.51
(
-0.50%
)
Post# of 18345
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Bountiful_Harvest

Send PM Follow Ignore
Followers 111
Posts 6215
Boards Moderated 0
Alias Born 05/08/2007

Bountiful_Harvest

Re: jour_trader post# 15404

Saturday, 04/11/2020 7:32:32 PM

Saturday, April 11, 2020 7:32:32 PM

Post# of 18345
lol, that was kind of funny. Has nothing to do with dilution, or voting for dilution, etc.

The last thing they would want to do is dilute their very own investment.

The TRUTH:

Preferred...not convertible into common shares. And those shares will all be cancelled in 5 years, per "official filing".

https://www.sec.gov/Archives/edgar/data/1478682/000149315220004100/form8-k.htm

It was a strategic and smart move, with built in security blanket. Gives CEO 100% voting power to get things done quickly.

Doesn't look like they want to mess with the common shares at all, as expected. hint, hint...


Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up