$MMAT Well either way regardless of who is getting rich behind the scenes with this unexpected accounting trick with the EMPTY placeholders for divvy now traded as if the market is leveraged to assign value to this composite turd, I also don't fail to notice the disappointed looks of those who expected 1000 bucks per preferred shares only see 0.70+ now. The true value of the worthless (because undeveloped) leases of TRCH of old on lands in Texas will be... well... worthless. Maybe a couple of cents if that. So management here has every incentive to never ever redeem the divvy and let everything roll into a private entity comes 12/31. Read it. It's all in the public docs.