I agree that this could of course be possible however, in conjunction with my earlier post on the subject (below) I would not rule out the possibility of it relating to a potential acquisition/parnership(s)/buyout. Just IMO :-)
pgsd
Re: None
Thursday, November 10, 2022 1:52:56 AM
Post# 529917 of 529967 Interesting that the "C" Preferred is now classified as MEZZANINE EQUITY
What Is Mezzanine Financing? Mezzanine financing is a hybrid of debt and equity financing that gives the lender the right to convert the debt to an equity interest in the company in case of default, generally, after venture capital companies and other senior lenders are paid. In terms of risk, it exists between senior debt and equity.
Mezzanine debt has embedded equity instruments. often known as warrants, attached which increase the value of the subordinated debt and allow greater flexibility when dealing with bondholders.Mezzanine financing is frequently associated with acquisitions and buyouts, for which it may be used to prioritize new owners ahead of existing owners in case of bankruptcy.
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