InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,304.72
(
0.70%
)
US TECH 100
18,320.40
(
0.96%
)
Dow Jones
39,069.59
(
0.01%
)
Brent Oil
81.97
(
0.81%
)
Bitcoin
68,634.60
(
1.06%
)
Post# of 113273
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

larrybaz

Send PM Follow Ignore
Followers 78
Posts 3802
Boards Moderated 0
Alias Born 12/31/2004

larrybaz

Member Level

Re: hweb2 post# 112619

Wednesday, 05/01/2024 8:53:50 AM

Wednesday, May 01, 2024 8:53:50 AM

Post# of 113273
MIND / MINDP - I've been in and out of the preferred recently. It's a really interesting situation with the company trying to get the preferred holders to convert into common. The company seems pretty emphatic about wanting to preserve its working capital and thus doesn't want to pay out the preferred dividend at this time.

The preferred holders were supposed to vote on it on April 25, but the company postponed it to a yet undetermined date. Maybe they knew they didn't have the votes or maybe they wanted to get that good earnings report out ahead of it.

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
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) 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