He doesn't have to give up his E's or spend commons to make an acquisition and he doesn't always need cash, either. We have seen how he is making acquisitions with the issuance of new preferreds....the glorified IOU's which are backed up with the seller's own assets...dollar for dollar.
The seller continues to run the company and acquire the synergies of being a part of SWVC. Not hard to understand, it's just that simple.
Start thinking of these deals as 'partnerships' rather than takeovers and maybe it will be easier / simpler for all to understand.
Market Data 
Markets 
AI
