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Sheepdog

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Sheepdog

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Re: Slojab post# 27342

Thursday, 11/14/2024 1:56:17 PM

Thursday, November 14, 2024 1:56:17 PM

Post# of 27377
They "sold" a lot of preferred shares. "Sold" as in giveaways. The value of those shares had been shown as a liability. When those preferred shares were issued, that liability went away thus having the effect of increasing shareholder equity.

Showing that shareholders giving away equity actually increases equity. But only in the pinkies.

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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