Great call, "river," and great news today re: two acquisitions. I am a little "befuddled" over the term "merger." I understand why a company would issue preferred stock to its executives so that they could retain majority stakeholder voting rights.
My questions are these: Wouldn't a company issue such shares when it is the subject of a merger, i.e., if FEEL is the target of a merger? Why would they be doing this if FEEL is the acquiring company?
TIA for your reply.