Bulova Technologies Group Inc (fka BTGI)

[LoveAndLight]

Company insiders/affiliate directors who have loaned the company money in the $Millions$ who have the loan and interest payment agreements with the company will BE converting these loans (which is $Millions$ in company debt) into the new preferred shares... which will free the company of all the debt and interest payments associated from the elimination of these loans by converting them into the new preferred shares... AND will not at all affect the common shares with any further future threat of dilution.
This is a very, very good thing!
And if you read the 14C... You will see that all the insiders were the ones that voted on and 100% approved the drawing up and release of the 14C document... Which means they are all already fully committed to doing this and following through with it! So this is one of the big areas of company debt reduction that CEO Stephen Gurba said was going to happen in the radio show interview... And it's great to see confirmation now that it's really happening! This is really going to help increase the profit margins of the increasing company quarterly and annual revenues by significantly reducing the company debt and interest obligations.
In essence... The company and $BTGI stock just became much more valuable to common shareholders!

Who's getting these ??
and 2) the creation of two new classes of stock, Preferred A and Preferred B, and authorize the issuance of up to 50 million shares each of Preferred A and Preferred B Stock with such rights

Blessings and best wishes,
LoveAndLight