crammerfool, I heard from Rooney by email on 5/10. The matter was discussed on the Yahoo board, not here, on a thread called "Question for true investors who do DD - 1.5b shares outstanding ". He told me that the founding shareholders can't and wouldn't convert preferred shares unless the company was sold. This would seem to contradict the plain facts reported in the 10Q and goodmorning's weekend research, unless I'm missing something. Shares are being converted, dilution is occuring. On the plus side, this means insiders expect the PPS to increase.
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