(Total Views: 710)
Posted On: 08/12/2021 11:02:16 AM
Post# of 33056
Holy Mackerel!
That is a plus but there are some other significant ones.
I believe those shares were issues 2 years ago.
https://www.globenewswire.com/en/news-release...ncing.html
"as elected to convert (the “Conversion”) all of the outstanding shares of the Company’s Series A Convertible Preferred Stock"
It also means all investors are equal.
But and there is a but...
They didn't do it for the halibut
It could be that they did it because...
"The Company made the election following a determination that the closing price of the Common Stock met the requisite trading price threshold for at least twenty (20) trading days within a thirty (30) trading day period."
Someone would have to look up the terms of Series A
AND/OR
Companies sometimes do this before any M&A
Let's say Verb was going to buy a company or two with stock
Those companie(s) may or may not ask for no one to be ahead of them with preferred shares
That is a plus but there are some other significant ones.
I believe those shares were issues 2 years ago.
https://www.globenewswire.com/en/news-release...ncing.html
"as elected to convert (the “Conversion”) all of the outstanding shares of the Company’s Series A Convertible Preferred Stock"
It also means all investors are equal.
But and there is a but...
They didn't do it for the halibut
It could be that they did it because...
"The Company made the election following a determination that the closing price of the Common Stock met the requisite trading price threshold for at least twenty (20) trading days within a thirty (30) trading day period."
Someone would have to look up the terms of Series A
AND/OR
Companies sometimes do this before any M&A
Let's say Verb was going to buy a company or two with stock
Those companie(s) may or may not ask for no one to be ahead of them with preferred shares
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