I don't like preferred shares, I have been clear on that stance.
I do however believe 100% that W2 Energy does NOT have that high of an OS that it should be trading at these levels!
After what I have seen, this stock is worth an easy .009 - .015 :-)
After the Malaysia Plant is up in full production its my opinion that even if the OS has absorbed the entire AS the PPS would still be valuable at .05 - .13
Believe what you want as many do, I will believe only what I see and discover on my own!