Hey, marijuanavest, you are technically correct, but I take a more conservative view. There are 270mm shares outstanding, but there are 23mm preferred shares with 10:1 voting rights and that can convert at that ratio in a year. Let's say someone wanted to buy the company. To gain control they would have to buy the 270mm shares and the 23mm preferred shares. That's why I think it's smarter to think about the company's full value, which includes the preferred, as being like 500mm shares.
What CEO Rosenberg did was pretty smart in my view, as it shows he is in it for the long haul.
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