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k_trader

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k_trader

Re: OneDay4488 post# 8254

Wednesday, 06/23/2010 7:09:39 PM

Wednesday, June 23, 2010 7:09:39 PM

Post# of 23480
This quote from Investopedia says it all...

"As an enterprise grows and requires additional capital, the subsequent rounds of preferred stock issued to investors are called Series B, Series C, and so on. This allows investors in those subsequent rounds of financing to know where they stand in the hierarchy of claims to future profits."

It could be they have the next round of financing they were looking for!!! If so I will be singing "Rocket Man"!

We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful - Warren Buffett

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