Mystery solved: on October 26 they already knew they would sh*t the bed for Q3 results, so they grabbed some $ while they could knowing that the stock would not see $3 for a LONG time. That said, I would like to know what one needs to do to be one of these lucky Preferred Stock investors with such great terms. There were 8 Series K investors. Who are they? I would like to be one of the Series L investors, whenever that is.
Will they ever climb out of this pit? Too much debt for a tiny little company like this.