InvestorsHub Logo
Followers 4
Posts 214
Boards Moderated 0
Alias Born 04/24/2009

Re: AugustaFriends post# 36261

Tuesday, 05/12/2009 5:09:51 PM

Tuesday, May 12, 2009 5:09:51 PM

Post# of 648837
The 8k could be positive for share price. The holders of the preferred shares must believe there is more value in the common otherwise they wouldn't have converted it. Also, some insiders might be forced to buy back shares in order to meet the 51% requirement.

Join the InvestorsHub Community

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.