EVIO Inc (EVIO)

[GangstaRIB]

Sure... So B series 5M C series 500k and d series 833k so 6.33M pref shares issued. The B's convert 1:1 but C 5:1 and D 2.5:1 have different ratios. Every pref share fully converted is about 10M common shares. They kept the various different classes of shares and conversion rates whereas I thought they would make 1 class of 1:1.

So still about 3.7M pref shares issuable. These could very well be a new class F with a totally different conversion rate as you said earlier but it's the a/s of common shares must cover these fully converted (as well as any notes, etc)

Make sense? It's pretty squirrelly and took me a while to wrap my head around. What actually happened is that the number of preferred shares outstanding did not change, however, the conversion ratio was changed 100:1 along with the r/s. So there were 5M b shares before... Still 5M B series shares BUT conversion and voting rights are 1:1 with common stock and they WERE 100:1.