Thursday, November 19, 2020 4:05:02 PM
Meaningless as in it would not impact the common shareholder in a positive way.
Any other “real” Nasdaq stock where insiders are actually using cash to buy would probably see a share price be bullish.
This ass hat didn’t use his own money to buy millions of shares...he simply converted freebie preferred that he gave himself into common stock.
And yes... to your point it will cost gnus money... but it’s not money he or anyone at GNUS will have to pay.
There’s a reason why gnus just offered $55 million in shares.
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