That  figure for the cost of yearly annual dividends on the preferred shares is not right.  I had a look to make sure since 22 million $ sounded too low, and i was just going from an article i read in the globe and mail. Even analysts get the financials wrong sometimes.

There are from the latest M, D and A :

10,045,872 Series 1 ( A)  = approx 10.6 million$ divvy cost annual

6,062,128 Series 2 ( B) = approx  7.58 million $ divvy cost annual

13,424,153 Series 3,5 ,7= aprox. 22.5 million $ divvy cost annual

Total savings yearly would be over 41 million $ on all the series of preferred. Sorry for the misinformation in the previous post.