1. They can't raise that type of money through preferred A. His association with GQG is clearly not worth a squirt of p!$$. I don't care how long he has been in the private sector...he is a joke in the public sector
2. Those are convertible at 8-1...that's nasty dilution - exactly what common shareholder wants - NOT
Just because you don't want to hear the reality of it all does not mean it's bullsh*t
It is actually Gold Quest Capital and it hasn't been in business for 22 years - that would Be Gold Quest Group.
"That’s all Bullshit.. Gold Coast Capital and Sanchez have been in business for over 22 years".
On a empty shell there isn't any big deal about Preferred shares except for those being offered to insiders and their conversion rate will cause mass dilution.