Wednesday, July 21, 2021 9:48:45 AM
There are currently
Common shares: 7,459,126
Plus the conversion value of:
150,000 Series A Preferred = 7,500,000 common shares at 50/1
650,000 Series B Preferred = 6,500,000 common shares at 10/1
Total common shares after conversion of preferreds = 21,459,126 shares
The Series A Preferreds automatically convert after 2 years. The Series B preferreds are not allowed to convert before 2 years after issuence.
Bot's currently owns about 11.7% of OBTX (2,500,000 shares/21,459,126 potential common shares)
Les
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