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To: Sean Collett who wrote (49)8/13/2025 10:16:53 AM
From: sixty2nds  Read Replies (1) | Respond to of 83
 
Good morning Sean,

I am guessing it is possible for the Preferred to get shoved aside until March of 2031.

Other than the interest accruing at a capped 11%
AND
possibly naming 2 seats on the Board
What is the downside??

I do not see shoving the Preferred aside until 2031 saving the Common.

In the case of old common wiped out and new issued...

Preferred gets new shares or warrants or a combo unit.

I'm thinking...
always dangerous ; >)

That is my worst case scenario owning only Preferred shares.
Cheers,
60