Well DrugDoctor, that was my concern...or conspiracy theory, because I am not sure how possible...but the preferred shares would convert into private preferred shares and then the public shares would be purchased with the stock at, or below, all time lows -- essentially screwing over existing shareholders. Just seemed to me that the company could possibly consider it because the stock price isnt heading in the right direction, the valuation/respect isnt there, shares barely trade and the float is not that large right now. With them expecting to be cash flow positive by the end of they year, I just feared that out of all the cannabis stocks out there 'going private' could be possible...plus remove the expense/reporting burden. And then when the dust settles, and the industry finds govt favor, the company could return back to the public markets to benefit the insiders.
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