RE:RE:RE:How does preferred share transfer works?It may temporarily yet it won’t medium term. Only to those that didn’t understand the preferred share overhang can this be seen as dilutive. And that is a very small minority of investors who always knew that when Stars bought PokerStars-Rational, that the preferred issued would one day be converted into common.
I think that this is a sign of significant confidence in the share price, if anything. Of course, there could be an immediate reaction by shorters who have had their pants ripped off, yet it won’t last.