Monday, February 16, 2026 4:01:26 PM
And if you want to get specific about convertible “labels” we can simply refer to them as convertible securities. In most cases convertible preferred stock is not much different from convertible debt… or “notes” in terms of the risk/impact to the stock.
As always you can throw out some fanciful notion of what the next balance sheet will look like and I will get to point out how far off the mark you were.
The fact remains that they have at least 40 Billion of share dilution potential on the balance sheet…and they will need to do an RS to get that moving again…which, of course will be detrimental to the stock price like it has been since the Pref B first showed up 5 years ago…and the stock has lost 99.99% of its value since with the follow on convertible securities and convertible prefs.
1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95.7% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?
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