Here you have $250,000 to be converted at approximately .0052 pre-split which equals .0052 x .65=.00338 per share. Now you have $250,000 x .08(interest)x .5(6months)=$10,000
Now you have $260,000/.00338=76,023,076 that is 76 Mil
Now factor in the 1/100=760,230 shares for sale in the open market.
Now take 760,230 x .52+=$395,320
$395,320 - $250,000=$145,330
$145,330/250,000=58.13 profit for 6 months which equals 116% profit annualized. Note this was for 6 months and in theory this was converted closer to 7 months. Also in theory more interest for more shares plus most shares were sold above .52
These jokers cashed in at probably well over 120% annualized. My belief is preferred's have fixed shares and thus no reason to cash in at this low. Thus also IMO, it is obvious who is selling and why. This is probably close to an end and certainly we will pop back up. Preferred deals are preferred to convertible and hopefully I have totally show WW and company why which surely they know.
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