InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,200.40
(
-0.07%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.78
(
0.36%
)
Bitcoin
61,090.79
(
0.46%
)
Post# of 113936
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

larrybaz

Send PM Follow Ignore
Followers 78
Posts 3821
Boards Moderated 0
Alias Born 12/31/2004

larrybaz

Member Level

Re: hweb2 post# 109395

Wednesday, 12/13/2023 5:05:47 PM

Wednesday, December 13, 2023 5:05:47 PM

Post# of 113936
MINDP $6.85 - $5.50, the preferred holders got their heads handed to them on this from the earnings PR:

"Despite the expected improvement in our financial results, we do not believe that current operations can simultaneously fund the capital requirements of the ongoing business, as well as ongoing or accumulated dividends related to our preferred stock. While no firm decisions have been made, we currently believe it unlikely that we will declare dividends on our preferred stock for the foreseeable future," concluded Capps.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up