1. They can't raise that type of money through preferred A. His association with GQG is clearly not worth a squirt of p!$$. I don't care how long he has been in the private sector...he is a joke in the public sector
2. Those are convertible at 8-1...that's nasty dilution - exactly what common shareholder wants - NOT
Just because you don't want to hear the reality of it all does not mean it's bullsh*t