You pay for yours, I get mine for free.
Joe Canouse and his cronies own the exploding Series A Preferred Stock entitling them to 6x (yes six times) outstanding common shares, any time they want. That's over 9 billion shares today -- for free. Anyone who buys this stock while this poisonous exploding preferred is outstanding is a fool, imo.
Meanwhile, the company keeps issuing more shares -- nice deal - one for you, six for me. You pay for yours, I get mine for free.