Tuesday, May 14, 2024 5:51:11 PM
For illustrative example: after a 1 for 1000 RS the common shares would be worth,at today's price, $2.20/each. Management's preferred shares can be converted today into $1,368,928 and after the split into $1,368,928,000. That is why the price would immediately crater.
Street shareholders wiped out and the crooks managing this thing would take it over.
Amazing how many idiots think the preferreds have no place in the valuation of this company. But then they are the ones who have been buying what little is being sold at the moment.
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My opinions are what I express in my posts....each and every one of them. BUT...I was wrong once and could be wrong again sometime so do your own research and don't blame me if you are too lazy to do so.
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