Exxe Group Inc (AXXA)

[Gdman]

Can someone explain the 10 million series B preferred shares valued at $2.50 And 5 million series C preferred valued at $2? This is from the OTC January 19 filing on new corporate bylaws from last year. It also says par value of common shares is .00001. This makes each share of B or C preferred convertible to between 200,000 and 250,000 shares. Does that not greatly increase dilution or am I missing something. That makes the preferred non transferable if there are not that many authorized common stock???