Replies to post #73563 on KMA Global Solutions International (KMAG)

[museman]

I don't know the preferred share conversion mechanics in this case, but generally as I understand it, the preferred shares must be converted to common before he gains the common voting rights. So if we get wind of him converting we could surmise that he is liquidating or there is some intrigue going on whereby he needs voting control.
This is all conjecture of future possibilities inasmuch as all indications are that presently he is not converting preferreds and is in fact accumulating commons supposedly to reduce the float. I can only accept Jeff's word that presently he wants the share price to rise.