Beyond, Inc. (BYON)

[drobx]

It just came to my attention that there is a vote at the next annual meeting to eliminate the preferred shares. Here's the kicker: they are only going to give 0.9 shares of common stock for each share of preferred. This is outrageous in my opinion, because the preferred shares have all the intrinsic value of the common, plus a small dividend. The justification is that the preferred usually sell at a lower price, due to low liquidity and general investor ignorance. I will be voting no. The date of the meeting is May 12.