So, when has TS used the common shares to acquire another company....he uses preferred shares....the glorified I.O.U.
He doesn't have to do anything with the PPS of commons to acquire another company. These companies are being acquired by issuance of preferred shares for the equity the owner has in the company and assumption of debt. I'll trust that TS is smart enough to decide what's good for the company in that regard.
The seller gets the IOU and, thus far, retains leadership in his company. They are expressing a belief in SWVC / TS that the value of the acquired company will be increasing faster than if left to its own methods and techniques.
As the price of commons goes up, so does the value of the preferred. If the deal doesn't work out, the seller may get their company back for their preferreds...no gain, no loss...perhaps just a missed opportunity for time spent.
Market Data 
Markets 
AI
