Food for thought...
Would IFSL's top shareholders do us any good by converting some or all of their shares from common stock to preferred stock with a sell date 2 years or so in the future? Would that lower the number of shares available and potentially allow the pps to rise?
I've only been trading stocks for around a year and never have I gone through a share retirement of any sorts, so I have lots of questions.
Other than a share buyback, how would IFSL retire shares?
I am under the impression that all 4.3 billion shares are owned by someone right? If the top share holders agreed to let some of their shares go , I am guessing no one would have a problem with that, but is anyone really going to just say "Hay! here's some of my shares why dont you go ahead and retire them." It would be nice if it worked that way, but doesn't seem like that is the way share retirement should happen.
As a show of good faith, I would think it would be awesome if some of the upper management/employees would do this. If they all would say they would retire half of their shares(not knowing how many this is), all the pps would have to do is double for them to make their money back. Sounds like a win, win situation! Look what the pps did last september on only an announcement of a buyback...
AI
