Little company AMMO Inc. (POWW) has sold a new issue of preferred stock which is trading now. Shares are now at $26.53–obviously some one is excited.
The coupon is 8.75%, and it is cumulative and qualified.
Some of you are already aware of this little company issue as it has been posted around in various areas.
The company is a newer company and they sell ammunition and related items to the consumer.
I have not had an opportunity to do any due diligence on AMMO (POWW) but highly recommend a deep dive if you have an interest in this new preferred.