BTCS Inc (BTCS)

[Euripides90]

Here's-the-explanation:Just a public disclosure of what was agreed to over 2 years ago and acted on now:

Charles and Michal, management, received Series B Convertible preferred in exchange for the anti-dilution shares owed them in connection with their investment in the company in January 2015.
They just converted their series B to common stock and the Form 4 discloses that to the public. (Per company.)

WHY convert now, IDK. Did some restriction term expire?
If someone has the time to read the old filings pls. share.

But haven't some people here been saying there need to be fewer Preferred shares? So sounds like this would've added to commons O/S, but there's no mention of their wanting to sell -- historically Charles hadn't been selling his shares IF I recall correctly, I haven't paid close attn. since the R/S.

As a result some of these figures may have changed since 4/5/17:
The T/A will usually reveal current O/S.

Would assume the common shares increased per filing, Preferred decreased. NOT one-for-one, see the 8K.

BTCS Security Details
Share Structure
Market Value1 $2,706,853 a/o Apr 20, 2017
Authorized Shares 975,000,000 a/o Apr 06, 2017
Outstanding Shares 41,708,053 a/o Apr 06, 2017
-Restricted 20,973,067 a/o Apr 06, 2017
-Unrestricted 20,734,986 a/o Apr 06, 2017
Held at DTC 20,676,521 a/o Apr 06, 2017

Float 14,431,800 a/o Jan 16, 2017

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