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Re: kruy post# 8832

Monday, 08/27/2007 2:04:27 PM

Monday, August 27, 2007 2:04:27 PM

Post# of 26529
Oh my god.......they said this will not cause dilution. Are they retards!!!!!! By issuing preferreds that are convertible to common.....you have what's called fully diluted shares. So.....if they didn't need to increase the AS.....until next year.....why not just sit tight until then, and only increase the AS in one year? Besides, with a convertible preferred......they can sell now.......stay short,,,,,and then next year when convert the preferreds to common....and flatten out the short.