Exactly and the preferred shareholders have for many years increased a/s and maxed it out every time. As of Sep 30 filing O/s back up to over 2.9 billion. Last Dec it was below 900 million. They blew past the 2.5 a/s increase last year and did another to 5 billion. All after CEO said no more dilution. Only question is when they again max out the a/s. Then what is next another increase or 1/1000 r/s again like last one they did. The prefers for years own 6/7th of QASP. Doesn't matter how many common they still own that. No reason they will ever stop dilution when doesn't hurt them. Dilution to fund QASP after years of it no profitable growing company and small revenues. With QASP they have issued billions of common shares and failed every year to build a growing profitable company. Haven't with this little strip mall store. Haven't with flight school with Donnell running it. Sales went from 1.6 million to not much per last Sep sales on income statement. As each preferred Dean, Joe and Donnell has taken turns as CEO. Only thing common gets is 99% drop and more dilution. Not much else per that last Sep income statement.
or the BEST they can do is buy at 2 and sell higher, LOL. that is what it is all about, could care less about anything else! all other talk is just to make that 2 stand long enough to get more for some. easy stuff really!
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