Alternus Energy Inc. (fka ALTND)

[Summitgains]

Read this nice and slow. Understand what he is saying. Increasing the common shares (restricted) also increases the market capitalization, which is very IMPORTANT to the COMPANY and it's Activities monetarily among other things. They explain why the shares were converted here. ENJOY

In addition, Mr. Galdi went on to say, "It is also important for the Company to have an appropriate market capitalization given the scale of the projects we engage in, not just with large commercial partners, but more increasingly with governments and other regulatory bodies that need to see a significant partner with the capability to deliver on the projects. In order to show that value in the short term, WPS has elected to convert the Series B Preference shares owned by it into common stock.[color=red] This means that an additional 1.4 billion more common shares have been issued which are fully restricted for 24 months. WPS has no intention on selling its position [/color]as WDAS continues to build and grow shareholder value in a way that fully aligns management's value with that of the other common stockholders going forward.