Thursday, September 10, 2009 2:52:54 PM
Now the bigger questions are how many preferreds there are and how many have been converted and when we will even find out those numbers if ever.....
When they took over the shell there were 1 million preferred outstanding and the preferred line on Jared's old financials that he published appeared to head up so likely more than that out there now - probably double in fact.
So Jared (or whomever owns the preferreds) own 2 bilion common equivalent.
Hmmmm....where are all those shares coming from that whack the bid every now and then?
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