gail; All 40 TRILLION "Preferreds" COMBINED, are "worth" less than $2 , TOTAL, FOR ALL 5,000+ Long-gone UNpreferred ShearedHolders, combined.
So, why are you "helping" anyone to waste their time, plus $50 , plus 2 postage stamps, to "Convert" one worthless piece of paper, into a less-than-worthless piece of paper?
Must be "Force-Of-Hobbit" . Paim longs do that every time they buy more paim "shares" . But, at least, paim "shares" usually take 1 year to lose 95% , (every year, for 5 years) so, they are a much better deal than "Converting" TOTALLY WORTHLESS UNPREFERREDS, and wasting time and money to do it.
P.S.,
According to outsided, the CD-converters will flood the paim float, causing a 4-fold increase in paim's not-very-Outstanding "shares" , within 1 month, if the TA does not stall.
That is the fastest and grossest massive dilution of any stock, ever. Even worse than Germany's devaluation of their Mark, during World War 2.
Paim should start selling wheelbarrows to their 5,000+ longs, to hold those overflowing bags of micro-penny paim "shares" . Selling real wheelbarrows is much more profitable (and useful) for paim's "share"haulers, than hiding (or high-grading) gold-colored paint.
outsided also said that he has resumed shorting paim, and expects it to crash below 0.0002 , as the 1.5 BILLION CD-rip-off "shares" are received, and immediately dumped, in the next 1-2 months. Then, the price-of-paim will be too low for paim to keep dumping their newest editions. So, they will do another reverse-split, very soon, and the shorters will make another 50+% profit. Assuming that paim keeps "trading", and does not go bankrupt, during the upcoming Class-Action Lawsuit.
When paim is over-and-done, soon, someone will probably produce a low-cost "documentary", including all of the Bozow's photos, and bouncy/unfocused videos, and paim's websunk bunk, including paim's photos, and short story PRs.
I wonder what they will use for the Title.
How about "A Long And Paimless Journey" ?
Additional suggestions for the Title are requested.
Averaging-down is profitable, for shorters, only.
