Replies to post #140947 on CBD Denver Inc (CBDD)

[PRmaniac]

Not even with the reverse split coming?

How about when CBDD has to make sure there are enough shares authorized to allow conversion of all those preferred shares CBDD is diluting?

Each preferred share can be converted into 1,500 common shares. CBDD now has preferred shares they have been giving out like candy instead of paying the bills and salaries and loans the way real companies pay them.

Now the preferred shares can convert to well over 10 billion additional common shares. They already have close to 4 billion common shares outstanding......ouch.

One can bet that the bungling CEO is issuing tons more preferred shares, too.