Sorry but the only "honorable" thing to do would be to make this a profitable working business again. When that happens the preferred shareholders will start receiving their payments again. Other than that preferred shares have no claim on the company. From what I remember I believe some of boogaloos buddies illegally cashed in their preferred shares, for a profit of course. And a question I would bring up is what have preferred shareholders done to help resolve this theft? I have heard zero, zip point sheet from them.
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