Preferred shares usually can be converted into common stock and most of the time 1 preferred equals (Example) 3 common, depending how RCCH writes up regulations surrounding those hybrid notes.
Theirs really no telling what Gene is up to because he doesn't file squat with Pink Sheets.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.