It would be even better if the CEO of ANDI would use Preferred Shares. This would be even if they have to create a Special Class of Preferred Shares to complete acquisition deals.
Then this way, the Outstanding Shares (OS) will not be affected which would in fact enhance the valuation of ANDI since the OS is the key denominator that is used to assess the Fundamental Valuation of a stock. The lower the OS... the greater the valuation from the Net Income that would be delivered which would culminate with ANDI having a higher Earnings Per Share (EPS).