True dat, selling coins brings you closer to the point where obligations can be serviced. 

Then again, the prefs are small in size comparatively. They can easily afford shedding a few hundred thousand coins lol

denlillaapan

When your preferreds are backed by your stack, you don't want to shrink the latter, especially when the stock is down.

econ

Strategy is Flailing for a Way Out (Financial Times, Craig Coben)

That would increase the leverage.
When your preferreds are backed by your stack, you don't want to shrink the latter, especially when the stock is down.