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larrybaz

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larrybaz

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Re: hweb2 post# 109395

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

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

Post# of 113879
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.

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