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larrybaz

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larrybaz

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Re: nelson1234 post# 109556

Sunday, 01/07/2024 12:17:21 PM

Sunday, January 07, 2024 12:17:21 PM

Post# of 113936
MIND, MINDP - They officially decided to defer the preferred dividend for their fourth quarter. They pretty much said they were going to do this in their Dec 13 earnings press release. The preferred holders now have the right to appoint two directors to the board since they have missed six preferred payments. I thought they had to miss six in a row, but apparently just six in total.

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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