Replies to post #98316 on Green Leaf Innovations Inc (GRLF)

[lowmyoad]

GDSM, which is a publicly traded company, has the right to sell shares any way it wants. If this selling degrades shareholder value, each investor has the right to sell or hold their shares as neccessary IMHO. I try not to be the flag bearer of bad news and detracting advice when it comes to investing. I let each investor make up their own mind. GO GDSM!!! GLTY

[Warmy]

Once again.... preferred shares cannot be sold into the open market and must be converted to common to sell. Once converted, they hold the same "weight" as all other common and are sold on a "first come, first served" basis just like all other common shares.

The "precedence" that you are referring to is in regards to issuance from the company and not selling into the open market. Whomever the preferred shares are issued to has to convert them to common to sell.