One acquires Preferred to reduce risk (at the expense of Common).
Exactly, the company is scamming us. lol
What you're really seeing is a company management that's so concerned with not being seen as a share price pump and dump that it has developed a communication strategy that has turned the share price into a total dump.
I'll ask you and everyone else an open question: When MWWC hits trips how many of you will consider the company to to be a pump and dump (irrespective of whether it really is one)?
The answer isn't for me because I already know how traders and investors will behave at that point -- its for management's cosnideration before it happens.
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