Wednesday, March 29, 2017 4:48:07 PM
Did you mean that Ken would give himself preferred shares that convert to common shares at 10000 to 1? I think he's already done that. Nevada SoS update says there was a Series A Preferred Stock designation on 10/4/2016. The recent Quarterly report says that was 1M shares with a 10000:1 conversion rate.
Side question: If the A/S is maxed out, how can he do that sort of conversion? 1M Class A shares that can convert 10000:1 to common shares is 10B common shares, which would double the current A/S.
Looks like an A/S raise will eventually happen, since issued convertible shares always are eventually converted.
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