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Re: DCorleone post# 172939

Tuesday, 10/12/2021 11:02:08 AM

Tuesday, October 12, 2021 11:02:08 AM

Post# of 194909
Yeah but they lose voting power if they do this.

Class A preferreds don't convert unless the person wants to lose controlling interest in the company. The conversion terms are there so someone who is bankrupted can liquidate them, but that's a last-resort from a personal finance perspective.

Who in their right mind would convert shares carrying intrinsic additional voting power into normal commons? Exactly.

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