Chineseinvestors.com Inc. (fka CIIX)

[236T568]

How bad are things over at CIIX?

bad

real real bad

as CIIX is raising cash by issuing millions of shares of preferred stock convertible into common stock at $0.50/share while the stock price of CIIX is trading in the $0.75 to $1.00/share range






http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12257996#CHINESEINVEST_10K-053117_HTM_A23

Item 15. Subsequent Events

The Company is currently in the process of offering up to 10,000,000 shares of its Series D-2017 Convertible Preferred Stock. Each share of Series D-2017 Preferred Stock is convertible into 2 shares of the Company’s common stock. The Series D-2017 Convertible Preferred Stock will pay at least two years of dividends at the rate of 6% per year on the original investment of $1 per share of Series D-2017 Convertible Preferred Stock.

As of August 29, 2017, the Company has raised approximately $2m through the Series D private placement