It is of course possible and just requires a board vote, but since the company doesn't receive the funds and have them, it wouldn't be a good idea. So it's pos

It is of course possible and just requires a board vote, but since the company doesn't receive the funds and have them, it wouldn't be a good idea. So it's possible of course, but isn't done 99.99999% of the time. Now if they were purchasing $1B in preferred and another $100MM in secondary maybe, but certainly not when the common shares amount is $9B would put the other existing investors in jeopardy for their own preferred shares providing their invested capital back should things go south.