No you are obviously very misinformed... It changes a lot... It completely eliminates debt and interest payments for those loan obligations that will BE converted to the new preferred shares and thereby greatly helps to free up and increase available operating cash flow and company profits. Not to mention the principle debt from the loans will BE converted and taken off the books to increase the overall potential market and asset value of the company and the stock. This is great news for the company and is going to BE a big capitol structure improvement. The company just became more valuable to investors.
Converting debt to preferred stock won't change anything, it just changes the accounting to a derivative liability
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