Woulfe Mining Corp WFEMF

Preferred Shares

[chizzles]

I have been reading all of your posts the past couple of days about preferred shares and how this can be bad for us. In the past I have not been shy to mention that I am a very (simple) investor and I'm not very familiar with a lot of things. What exactly is a preferred share? (and in simple english please)!! Also, what are the pros and cons for us if they go down this road? The way I see it at this point @ a current .13 a share with no money in the bank isn't almost anything to save us a good thing at this point?
Thank you in advance for taking your time to help better my simple brain,
Chizzles

[chizzles]

I am going to reply my own post. I researched Preferred shares and I have abetter understanding of what they are now. But again, even if Dundee get preferred shares out of this, isn't that still better than the alternative? If they get preferrd shares but because of that we are financed, wouldn't our share price still skyrocket from .13? I am having a difficult time understanding the