If sizable institutional capital is willing to invest in the future of this company with the stipulation of a S/S change you better believe were going to see a PR.
Only if it benefits the holder of the preferreds. That's precisely my point; the commoner is pushed out of the equation. As a SAVW shareholder, you have no advocacy inside managerial decisions. Your rights of ownership as a commoner are usurped by design.
And yes, the preferreds are truly insidious. There is no legitimate reason for their existence, except to give control and ownership privilege to a few, or in this case, one person.
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