Replies to post #175032 on JB and ZJMY Holding Co (JBZY)

[rklbw]

Preferred Stocks are really bonds, without a maturity date. They are "stocks" for accounting purposes only. The don't appreciate--or depreciate--based on earnings, like common stocks do. Consequently, it's pointless to split them.

*Convertible Preferred Stocks are a slightly different animal. The offer the investor a lower interest rate than regular Preferred Stocks, in exchange for the option to convert the Shares into common stocks. Consequently, if the underlying common shares do split, there is a mechanism in the terms of the convertible to adjust the convertibles conversion value accordingly.

https://www.quora.com/Do-preferred-shares-of-stock-split-or-reverse-split-along-with-common-shares

[surfkast]

They are not.