Yes, and another fact is that preferred shares are
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Posted On: 03/15/2017 8:45:15 PM
Yes, and another fact is that preferred shares are the shares you would want to hold long term for control of a company because they usually come with better dividends and guarantee the holder is paid ahead of other holders in the event of buyouts/liquidations.
As such, and to Roger's point, it would not be wise to trade them for common shares given the advantages that come with the Series A block they now have.
It doesn't indicate anything except that it's the preferred block to sit on for controlling purposes.
As such, and to Roger's point, it would not be wise to trade them for common shares given the advantages that come with the Series A block they now have.
It doesn't indicate anything except that it's the preferred block to sit on for controlling purposes.
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