It could maybe run still here soon for a little bit but how is this a buisness plan?
The objective, moving forward, is to insulate the stockholders from past, present, or
future dilution in the open market by providing these anti-dilutive securities as a dividend payment. These derivatives are
restricted for one year, will turn into a predetermined amount of common stock through issuance resolutions on the part of
Management, and convert at the par value of the public company. Pending FINRA approval, more clarity will be available on the
record date for this corporate action.
The next step in the initiative is for the Company to use these convertible preferred securities as currency to exchange or novate
its derivative liabilities that exist on the financial statements in the form of affiliate and non-affiliate debt. The Company
anticipates that much of its principal affiliate debt will be retired for these instruments, while the interest will be converted into
restricted common stock . The defaulted interest portion of the mature, secured, third-party non-affiliate debt will be assigned
and converted into equity by their bond holders to remove any future compounding derivative liabilities on the balance sheet.
Are they just flipping shares places to reverse the books, if thats the right term to use? the preffereds issued before march are to ensure previous shs value but also to take away from the liabilities. Protects from dilution to come and then the split. All the debt is being turned into commons now. At least ? Anyone thats buying now after the divi date is just buying the debt up. But I guess the books will look really good once it splits in a few months. Not saying cant make a few 100% until then
