"The "non-issued" prefereds have no bearing on the OS unless issued. The "non-issued" common would have no bearing as well. If you trust they will not issue ???????????????????"
Either could have been/could be issued and in either case it would represent a liability to shareholders if they are issued. Now at least they would be issued in the public arena. We were in a bad situation before, and now it is slightly less bad and more transparent.
The value of a company is not based entirely on the value of common stock when you have all of those preferred shares around.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.