Rande Is. . .FISHING. . [under $1.50] Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DMcMannes who wrote (943)	3/5/1999 12:44:00 PM
From: NoWhereMan	Read Replies (1) of 4766

Dale, Par is the face value of the preferred share, I think it is usually something like $100. It's like a book value, used for accounting and is the amount that dividends are based on. Dividends are paid out on preferreds before common, but Preffered usually has not voting rights. But then with Playco not showing a profit right now there are no retained earnings to pay a dividend from, so It's kind of a moot point right now. I'm concerned about that par too. My understanding of preferred stock is that it usually does not appreciate as well as common, (It's a little less volatile), and big companies like to buy it, since dividends aren't taxed like regular income. anyway, I'm really concerned about the Par value thing, and I will try to see what the CO. will say about the shares first. It would be nice to have a copy of the "fine print" as it applies to these preferred shares first. robb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next