Not sure if this has already been posted here, but gonzilee over at the jailhouse brings up a very valid argument for why preferred shares would not be dumped right now...
lol. well, considering that ssptd ceo and the coo own the preferred shares and that the ceo to his own admission said that the r/s was an effort to cure the naked shorting he believed was occuring, what sense would it make for them to "dump" billions of shares immediately after the r/s? that would be stupidity of the worst kind. additionally, the company has announced a divy that is to be issued in january, and it would be illegal for them to change the share structure, which they are basing the divy payout on. so, why would they be dumping shares when their divy has already been approved by finra? makes no sense. the naysayers do not speak of these impediments to their theory of dumpag/preferred conversions. why? because they have no answers for something that does not make any sense.
