Replies to post #15479 on Marketing Worldwide Corp (MWWC)

[welderscott]

The dividends were an interest payment due on the note...ST

[oilin07]

He didnt expect someone on this board to be smart enough to figure that out! lol Dont worry Max, management is securing their money at the common shareholders expense no matter what.

[The Law (f/k/a emz)]

You obviously don't understand what makes a "preferred" a poreferred- the interst/dividend part is NOT DISCRETIONARY- it must be paid by the company- when there is not enough "cash" to do so, the conversion of debt to stock (equity) occurs, allowing the holder of the preferred to sell the stock since he didn't get his cash. The hope is that as the company's financial performance improves, it will be in a position to pay the preferred interest/dividend in cash, thus blocking further conversion and sales, etc. At least understand what you are investing/gambling in, LOL