I agree with your take on the joke of a move. On the convertible preferred, it's actually very clear. The amount of preferred went up (see balance sheet). There was a repayment too (see cash flow).
If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.