InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,615.41
(
0.55%
)
US TECH 100
19,797.60
(
0.61%
)
Dow Jones
39,910.77
(
0.39%
)
Brent Oil
85.35
(
0.28%
)
Bitcoin
57,850.92
(
0.87%
)
Post# of 81966
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Divest

Send PM Follow Ignore
Followers 35
Posts 1359
Boards Moderated 0
Alias Born 08/10/2017

Divest

Re: Buttercup5 post# 63691

Thursday, 09/17/2020 3:45:54 PM

Thursday, September 17, 2020 3:45:54 PM

Post# of 81966
He converted them into commons to protect them from Schreiber's attempt to take preferred shares. Now Schreiber can't get them so it will either end up as preferred, used in an acquisition or both. Which would all be good for shareholders. Schreiber being allowed to take Klug's preferred shares convert them into commons and dump them all into the bid, which will never happen would have been very bad for investors.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
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