Your interpretation of what I said is incredibly incorrect. The preferreds no longer continue to be exempt IF they begin to be traded at at a conversion below the initial conversion rate.
Not once did i say warrants are being converted. You two are so consumed with this this .48 floor. Not a single warrant has to convert, the market will adjust for the new amount of shares that will come from them and creates a ceiling on the stock and continued downward pressure. 22mil in volume in 10 days with continued price erosion is just the MMs and tutes playing games. But we will find out next earnings hopefully.
Now do you think sonny would pull one over on shareholders by adjusting the preferred conversion rate like he did in 2016? Requires no notice by way of an 8k and Delaware law allows BoD to adjust preferred stock with no shareholder approval. It’s certainly possible history repeats but maybe not.
In no way am I telling people to sell their position, my presenting this is that if someone is looking to add then they can at lower prices like I said in May as well. When some people here suggested “great time to accumulate under the shadow of the price drop” when the stock was trading split adjusted $9. But you’re right I’m out to get everyone. People are free to disagree with my analysis I really don’t care.
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