But of course, like I said it would be foolish to convert to common in the face of dilution and thus we have a lot more than the 3 million hitting the street to explain the share drop. Like I said, the CEO is not a stupid man.
I just wonder if it was Chris Bickel's perferreds that were converted and if James's preferreds remain intact.
Regardless, the PR stated that the preferreds were going to be converted or should I say "intends" but according to you it just ain't so and who was the person that said it was very suspect?
So the common holders went from 12 million OS to 109 million or 800% dilution in 3 months? Nice.
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