Value Microcaps Motherboard

[researcher59]

wade: convertible preferred stock terms can vary, but holders would almost always have the right to convert into common stock before the redemption date. A notice of redemption would be sent out to holders, and then they could either redeem their shares or convert them into common shares. Obviously with the price of the stock at .80, and a 1:10 conversion ratio, they would convert rather than redeem.

The Company chose to show only the basic share count in their 10Q filings, which is acceptable, but also sleazy. They didn't lie, but were deliberately evasive in their reporting, imho.

Even with the dilution, the Company has shown strong growth, and would seem to have a lot of potential.