GREY:PCCLF - Post by User
Post by
specboy2011on Apr 23, 2013 10:48pm
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Post# 21293166
Preferred shares model
Preferred shares model Anyone see the preferred shares on BIR.....I believe we see FOS take this type of approach in spending cash..With preferred shares you are at the top of chain in any insolvency..You get a great return and with them usually comes a warrant..BIR was a 25 buck issue price with 3 free trading warrants.....Valued at about 5 bucks in this market.It pays 8% annually over 5 years...........Warrants convertible to stock at set price...The package rolls at 25 in 5 years.......