Here's the link and some info on nonconvertible pr

Here's the link and some info on nonconvertible preferred stock for those that are not familiar. Do you own research.

https://www.sec.gov/ix?doc=/Archives/edgar/da...orm8-k.htm

Streeterville Capital may feel comfortable with nonconvertible stock assuming they did enough DD on spending their $3M.

I like this 1000% better than selling dilutive/convertible debt especially the toxic variety that shorts love.

Quote:

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A preferred stock that does not give its holder the right to convert their preferred shares into a fixed number of common shares, usually after a predetermined date, is called a nonconvertible preferred stock. Preferred shares offer a way to raise capital without diluting ownership or sacrificing voting control .
Issuing preferred shares allows companies to diversify their capital structure, access additional funding sources and cater to investors with specific preferences for steady income and reduced risk.
Although preferred stock pays a high fixed dividend, it is not debt ; failure to pay a dividend does not cause a default. Finally, some preference shares act as "poison pills" in the event of a hostile takeover

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