Replies to post #112163 on Baron Capital Enterprise Inc (BCAP)

[Fire Lane]

no they cant, not after they have been issued

[PhilCheeze]

You are 100% correct. Shorts are Toast here !
BCAP is headed to pennies and there is nothing anyone can do to stop it.

Cheers,
PC

[pantherj]

That is 100% wrong. Neither the company or anyone else can unilaterally take away a right that was given a preferred shareholder at the time the preferred share was issued. Ask any securities lawyer. Its a matter of basic contract law.

Sorry, but there will be Billions more in dilution because of all the outstanding preferred. There is no way to avoid it.