Replies to post #46595 on Yuengling's Ice Cream Corp (YCRM)

[KnicksStockChamp]

That conversion also has attached to it a $525,000 payout to Rick and a $25,000 payout as expenses to the balance sheets when converted.

Rick - 8,750,000 shares x $3 per share x 2% dividend = $525,000

That's not exactly a healthy expense given the 8K/A prof forma consolidated financial statements showing $1.2m loss on only $7.3m revenue for 2023.

[SF971]

Thank you for highlighting this.

Preferred Shares convert at $3.

What is the current share price?

Are the Preferred shares in the money?

Would they be able to convert the Preferred shares to Common shares and sell now at a profit?

Or would they wait until share price reaches $3 before converting and selling for a profit?