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Sunday, January 06, 2008 11:31:33 PM
How do you know his main investment market is people willing to buy preferred series C stock? Exactly how much capital has been raised by the share of preferred series C vs. common stock? Can you provide some numbers to back up your assertions?
Also, if an RS took place along the lines of 7000/1, it would scare away many penny investors, and a 70-cent pps is still not what I would characterize as a "regular stock"...It is still cheap, and I think fear would still remain that more dilution would simply bring the pps down again as evidenced by the RS this past summer.
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