Jay's shares, as well as all other Series C and D Preferred shares (ATG, etc.), have not been registered in the O/S so they would have to file with the SEC to convert/sell because they would need to raise the O/S first.
As far as the PPS, the stock trades how it trades. Investor sentiment has been shaky as of late and there has been mostly bid sitting due to the lack of buying volume on a daily basis.
But considering this was at .0015 2 months ago, .01 isn't a bad PPS to be at IMO. Yeah everyone would love for this to run to .028, trade sideways without even losing 10%, and then run more. But that doesn't happen. Even the first spike at .0078 saw a retrace as low as .0026.
Just to be clear, I won't run from information presented against CDFT. But it has to make sense. Screaming scam and dilution because a preferred shareholder here sold for $ in other stocks doesn't mean CDFT should be hung. Saying Jay is shorting from overseas is just a scare tactic. Wait I thought he was selling selling his Preferred and diluting, why would he short? Lol..
Market Data 
Markets 
AI
