Found this on GeoInvesting website. The recapitalization was completed, and GeoInvesting makes an interesting speculation: June 20, 2016 – Mikros Systems Corp (OOTC:MKRS) – Filed an 8-K disclosing a recapitalization transaction that will eliminate all the convertible preferred shares the Company has issued. The transaction eliminates the preferred dividends and around $3.0 million of aggregate liquidation preferences vs. MKRS’s recent market cap of $3.7 million changing the dynamics for common shareholders should the Board decide to sell the company.
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