Radioio Inc (RAIO)

[rasta48]

Ask yourself the same question, what does an investor want with preferred shares? No matter who it is. What benefit does preferred have over common. Preferred can not vote so control is not what they are after. IWDM does not really have enough cash to pay a good dividend on the preferred shares, and with expenses only in a few million a year you know they are not paying off big dividends. So the only reason I see is to be first in line during a liquidation.