Monday, April 01, 2024 10:32:40 AM
Convertibles are in reference to convertible notes, where loan amounts are CONVERTED to shares to cover debt. Whereas, preferred shares, or "preferreds", can be converted to common. Or not. They can just as easily be cancelled, you see.
So, we'll see if you've properly absorbed this information the next time you see fit to regale us with yet another mention of this issue.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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