If Allie is the other preferred, wouldn't he have to approve the A/S increase? If these rumors or scenarios you guys are talking about are true and they are at odds, or Allie is trying a hostile takeover, then something still doesn't add up.
edit: thanks Jim for the response! Im adding my reply here so as to conserve my quota. thanks again
Most likely the financier.. but since he has never been straight with shareholders regarding the company's capital structure there is no way to know. That in itself is enough to warrant a big glowing red flag.