You know those preferred shares are going to get them in a lot of trouble, don't you? It's like living on credit cardS with 18.25% interest. They don't make any money and that's not likely to change. The more of those 2020 preferred they sell the harder it's going to be for them to pay the dividends. They'll have to resort to more toxic financing. They'll do another reverse split, try to make money on pump and dump campaigns, but they'll need every penny they make to live on and keep things going and they'll have to borrow more to pay their obligations. They can keep selling more preferred shares if they can find buyers, but then it's kind of like a ponzi scheme where they pay off previous investors with what they bring in from new investors and pretty soon they can't meet their obligations and the whole house of cards falls in. I feel for those who are buying these preferred shares.
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