I will be adding a new link titled “Sandbox” in the right hand menu.
That link will get you to this page.
I had originally set up the “Reader Initiated Alert” page for ‘alerts’. I was thinking this, for instance, might be when a preferred stock is undergoing a temporary selloff and someone wants to let the population know about it quickly. Of course we all (including me) use the ‘alert’ page for general messaging.
I am requesting that we start using the Sandbox page for all general talk, and try to preserve the ‘alerts’ page for ‘alerts’.
I have had a screen up on one of my monitors all week where I see all comments – no matter where they are posted–it is a great page and I wish everyone had a page like that–believe me we all benefit from all the knowledge being shared. I don’t want to stifle any of the exchange of knowledge, but hope to get things a bit better organized by adding the Sandbox page.
this is a heads up for anybody who has not looked at the prospectus for LANDM. it’s redemption is not guaranteed on January 1, 2026. I was looking at the prospectus for LANDM and noticed this clause in their section on dividends and redemption:
….”In addition, if we fail to redeem or call for redemption the Series D Preferred Stock pursuant to the mandatory redemption required on January 31, 2026, the dividend rate on the Series D Preferred Stock will increase by 3.0% per share per annum to 8.0%, until such shares are redeemed or called for redemption.”
Mentioned as well in the CC……… They are considering all options but apparently have the funding in place to redeem, but they do leave the window open. I’ve owned LANDM for a long time and remember thinking at the time the 8% was so punitive that I could consider these as 2026 maturity. How times change…. Still right now LANDM would be worth more if they didn’t redeem…