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Jay_B

04/02/24 10:32 AM

#95113 RE: nwsun #95111

Not my expertise, but as far as I understand, restricted shares cannot be purchased. They are issued directly by the company as insider compensation or debt repayment. They cannot be sold until after a set period of time, usually between 6 months - 2 years.

The fact that he accepted restricted shares as payment for "services" (whatever that means) eludes that he must have some vested interest and confidence in the company's future.
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Hi_Lo

04/02/24 11:31 AM

#95114 RE: nwsun #95111

Preferred shares often carry more voting rights, but they usually have some rules/restrictions on how they can be sold (since usually insiders own them).

Also if the company undergoes a bankruptcy (not that it's going to happen here) they are right after creditors for recuperating anything.
Bullish
Bullish