Sorry to take up the board again, but researcher that's not at all what i was saying. The example was simply to give an absurd example to show that you could wipe someone out when you can name your own terms on the preferred.
AEY in particular issued these when there was no debt outstanding, no anything if I recall. The example I gave was purely to show that you shouldn't just be allowed to create these out of air for any amount.
Why not just issue all common shares from the outset? Why the rigamarole?
P.S. None of this is has been a comment on what will happen to the share price. I know most people look solely at p/e, so I wouldn't be surprised to see it go up. Just trying to point out how that can be very deceptive.
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