Call me ignorant but class A stock is not meant to be traded publicly. Essentially this is a great thing since it allows them to finance expansion without dilution.
Quote: Class A shares are designed to insulate management from the short-term swings of Wall Street, by allowing those in management to control a small amount of the equity of the company but still maintain voting power. These types of shares are not sold to the public and cannot be traded, which supporters of the dual-share system say allows management to focus on long-term goals.
they are supposed to trade at a ratio to one another....
As the old filing stands it is 1 A for every 30 B ......
If I own 100 A shares I could convert them to 3000 B shares.... The market has to work this way as well, which is why the authorized shares were increased... If someone sells 1000 A there has to be 30k B to back it.... and if someone buys a million pre-market then I'm OK with that...
The outstanding share increase will be in a filing with the SEC... Until then we all can believe what we want to about CBIS....
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