American Security Resources Corp. (ARSC)

[likwit]

Truthfully, I could care less about the preferreds anyways. Make em a billion to 1, it doesn't matter to me and essentially its meaningless. Now, if they were being converted at that ratio, its a different story but for the most part companies do not issue preferred's simply to convert to common, (unless they are a complete scam), it is usually a control issue as we're seeing here. There has never been a preferred to common conversion here and I don't think this company is a scam.. If they start converting to common at 500-1 I will change my beliefs.. But, I am not worried about that.

Anyways, if someone invests in ARSC they are investing in management and the product, not various shareholders' voting rights and their opinions. If a few individuals with lots of money and brilliant ideas were left to vote and run this company how they wished, I know I wouldnt be here.

Management wants FULL control of the baby they are setting up.. Either you get on board for the ride or you don't. Simple. Most shareholders are completely retarded in my opinion anyways and its better they dont have any say in what goes on at ARSC as they more than likely will F everything up. If anybody here thinks management is a scam, don't forget to close the door on your way out.. It's that simple.. Anybody who understands whats going on here understands the non-issue of the preferreds.

I could be wrong, but in my opinion I'd rather the first million NOT even be converted to commons and left the way they are because IF they are converted, the other 1 mil preferreds (as they are left undesignated for a reason) will more than likely just go up at a 500-1 ratio or 1000-1, whatever it takes to compensate and keep control while the true O/S will have increased by a mil.


But what do I kno.