Sep. 21 at 3:02 AM
$DYNT Dynatronics is in a trading malaise. There aren't significant new/hot products that are growing new revenue either, very stagnant product line and sales by all accounts in the reports we do see. Ultimately, this company needs to reinvent itself in terms of product line, but one key problem that will hold back the Common Stock is that there are far too many Preferred Shares outstanding, that get Dividends converting into Common Stock, and then those newly minted Common Stock shares get dumped into the market, which is most of the Trading Volume each quarter. Since there isn't much trading activity, these Preferred Share conversions are essentially fueling a Death Spiral in the Common Stock's valuation. When/if Dynatronics does increase Revenue, the company needs to get serious about buying out all Preferred Shares and shutting down that pipeline, so the Common Stock can ride the market on its own terms. You'd see much more confidence and buying of the Common Stock w/o Preferreds.
