Replies to post #27493 on Value Microcaps Motherboard

[researcher59]

jtomm: re AEY series B preferred stock

Since the stock has no 'conversion' clause, I don't think it's correct to consider them as potentially dilutive. But it may be appropriate to view them as a liability on the balance sheet. It's easy to miscalculate tangible book value per common share - $12M needs to be deducted from owner's equity first ....