FTEG .0005 Nelson Grist, CEO of For The Earth Corporation, states, "We are extremely pleased that we were able to get approved for the stock dividend by FINRA. We are serious about the integrity of our stockholders' investments. The issuance of these Convertible Preferred Securities is designed to insulate stockholders from the volatility of the open market. The convertibility feature of this stock is set at the par value of the public company to ensure that once these securities mature, the holder of these derivatives can convert them back into common stock, through an issuance resolution from the company, at a predetermined ratio as set out in the Articles of Incorporation. The fact that the convertible preferred stock is also Anti Dilutive further protects future investors from reverse splits that the company may contemplate in the future, once it has the equity to justify a significantly higher market capitalization. For the Earth Corporation will also pursue, pending FINRA approval, a cash dividend as an additional compliment to the FINRA approved stock dividend.
