Titan NRG (TTNN)

[Grndizer]

Thanks for giving me the definition of preferred stocks. What you’ve stated is true. Preferred are used as a control block. However, I think my point was missed in the earlier post. Those preferred A shares the company owns, are transferable into common shares. They own enough and transferring some of the preferred into common will still allow them to keep the majority of the voting rights. Yet it will add to the float. Which answers the Q of having more shares available for people to purchase.

Now what you just described in your first paragraph, is called dilution. Whether it’s an offering or just simply adding shares to the common.

I personally don’t like dilution. Based on the earlier post I relied to, I thought he asked a Q. I simply gave an opinion and I will make it clear. Diluting shares just so people have more shares to buy for no good reason (acquisitions, buying equipments, etc…) is never a good thing. Yet it’s a common practice in penny land.