Green Leaf Innovations Inc (GRLF)

[Warmy]

Once again.... preferred shares cannot be sold into the open market and must be converted to common to sell. Once converted, they hold the same "weight" as all other common and are sold on a "first come, first served" basis just like all other common shares.

The "precedence" that you are referring to is in regards to issuance from the company and not selling into the open market. Whomever the preferred shares are issued to has to convert them to common to sell.