rande
makes sense, buy the common and it will support your position in the p. ok. today i started my position, only 500 plcop. what i would like to know is why the downward action in the p most of the day. with what you have told me, i don't understand why anyone interested in this company would not invest in the preferred stock. i would like to think it is as simple as "just a down day".
how does it work when they are converted. using fake numbers, if the outstanding common is 1,000,000 at a value of $1 (total =$1,000,000) and preferred is 100,000, after the conversion would the common be 1,600,000 at a value of $0.625 (total=$1,000,000) ??
is this an accurate assessment? by the way, do you have the actual numbers, then I can figure it our myself -- if this is a correct assessment--.
thanks
paullie |
