Don’t even need to leak it. The company runs out of money like clockwork. The company also often keeps the deals “open” for weeks to allow latecomers to get in on the action even after the price has gone up (which doesn’t happen every now and then, temporarily).
This blank cheque pref will allow an an investor to pound the common into the dirt even harder.
I guess the “strategic process” is going well, lol.
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