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Tuesday, November 12, 2013 10:21:10 AM
If I owned 20M Series E, and an investor owned 300M Common Shares and we were both trying to sell, my shares take precedence and are sold first.
Which is why so many investors here cannot unload their bag. GDSM has 100M of the Preferred, and WSRA still has 56M Preferred. So, 156M Preferred converted is 2.25B Common Shares, which the A/S cannot cover at this time, so it will need to be raised again, if it hasn't already. Then the DUMPING will continue until the Preferred shares are gone first.
GLTY
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