Why GAWK common shares are worthless
Common Outstanding: 6,342,546,507
Preferred A - 1000
Preferred B - 68,187,500
Preferred C - 16 (+2) (each share convertible to $1,000,000 worth of Common Shares)
Preferred D - 21 (+21) (each share convertible to $100,000 worth of Common Shares)
Let's say just 1 of the 16 "C" shares could be converted at the current ask price. It alone converts into 10B common shares.
Current common shareholders own well under 1% of GAWK!
COMMON SHARES ARE WORTHLESS WITH THE CURRENT SHARE STRUCTURE