I'm a LONG time player here also, but the perferred share issue scares me, it just doesn't make sense with the board and officers owning so little percentage of share count to make this move ....I think the preferreds gets the lion's share of any future profits from new biz, thru dividends.... or they have a convertible feature where we get diluted into oblivion......right now the common shareholders have the voting power, if we concede the preferred, there is NO DOUBT that there will be a convertible option which will dilute us, then a reverse, then we lose our votes....happens all the time......I'm voting AGAINST the issuance of the additional preferreds...right now this stock is priced cheap enough that if anyone wants to own a portion, or enough to sway a vote, they certainly will find it on the open market as I'm sure there are a lot of us who are looking for an exit door with a profit in our pocket.....I'm not qualified to give investment info, this is just my 2 cents, here is a link for anyone who is unfamilar with what a preferred is. http://en.wikipedia.org/wiki/Preferred_stock
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