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Replies to post #4155 on Metal Arts Company Inc (MTRT)
NewBornTrade
09/12/21 1:03 PM
#4156 RE: Wayne R #4155
FrankF
09/12/21 1:13 PM
#4157 RE: Wayne R #4155
I suspect they might pass the full 2B, but I also suspect it will be passed mostly as a formality to allow preferred shares to exist, with no intentions of ever issuing many shares. In fact, depending on the conversion rate of the preferred shares (which we won't know until the re-structuring is complete), it's not even possible for more common shares to be issued beyond the token shares authorized just so the preferred shares can exist.
I am continually drawn to point out stupidity..