You don't even know what your talking about there

You don't even know what your talking about there pal.

Preferred shares are a safety net for liquidation and hostile takeover and are not convertible to common stock in share amounts.

They pay a higher dividend then common shares and are considered "senior" to common.

The preferred may have a .01 par value and the common a .001 which is the difference between paid out dividends.

Also there are 600 class A preferred and 400 class B so you had that wrong too.

Mark owns 500k class A and his Family 50k a piece.

The Class B are owned by private investors 200k for each of them totaling 400k Class B totaling a combination of 1,000,000 Class A and B preferred.

Every single stock has this safety net incorporated.

The A/S is what it is 43mm and your preferred x 400 and dumped into the float is bogus as it can't and won't happen ever as it's not a convertible what so ever and the company would be foolish in fact stupid to reduce it's preferred amount by 150 like you state as the dividend payments are regulated into par value amounts that separate the class and rights are also different between Preferred Class A, B and common.

It's also to prevent hostile take over and if the amount was reduced it opens the door wide open. Mark hold 500k preferred class A himself and he should, he built it. In the event of a liquidation, the senior notes are paid first according again to par value and it should be like that otherwise an unknown could buy them all under your idea and walk away with all the assets on liquidation and it happens sometimes even on the big boards where the liquidation is worth more than the stock market cap. So to a hostile the company is worth more to them Dead than Alive.

There is no way it's possible now with Mark himself holding 500k class A preferred which has more rights than the Class B and with the other 500k of preferred 400k are class B so even if both Marks family members sold their 50k class A shares to the same person as the Class B, Mark is still above and beyond it all together holding 500k class A. It's common sense.

Please educate yourself before 10 posts in a row of nothing but misguided information that isn't even close to being real or true.

If anyone called Mark and told him to reduce the preferred by 150, I am sure that he would look at them as super stupid. Get educated on it pal, I will even give you a link where it's explained simple like.

People who know how it works also know that you don't.

http://en.wikipedia.org/wiki/Preferred_stock

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