is BS, corporate ignorance or just Hicks telling Brito what he will allow as a higher pps is the easiest way to help lower the share issuances as the debt conversions would be done @ a higher price value thus reducing the # of shares required to reduce the debt. Brito’s history is now quite telling as he supports debt holders over shareholders as his own words show. I have also talked about the preferred swap & what it actually means under GAAP guidelines. That swap practice has made him much $ @ the expense of shareholder when he has been the toxic debt holder. Fact Under GAAP guidelines Converting debt into preferred shares eliminates debt on the books because it transforms a legal liability into a form of equity ownership. Yet those preferred’s converts back to commons. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176853985
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