InvestorsHub Logo
Followers 400
Posts 48613
Boards Moderated 0
Alias Born 06/20/2011

Re: Roach58 post# 120970

Wednesday, 10/10/2012 4:06:59 PM

Wednesday, October 10, 2012 4:06:59 PM

Post# of 232508
At the time of the trading suspension he was or had recently converted a large portion of his preferred shares to common shares. To me, that is a sign of confidence in his business, not a scam in the making

Actually, on the pinks, it's really a sign of a bunch of shares about to be dumped. There is no other reason or need to do the conversion until you are ready to sell.

But I suspect that view won't play well here. wink