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Wednesday, October 08, 2014 4:28:53 PM
One possible scenario ...
1) Dilute the Common Shareholders to 19 billion shares or some such ridiculous amount (already done).
2) Reverse Split the Common Shareholders to effectively minimal shares (legal announcement made in the Annual Report).
3) Than convert, in the future, the Preferred Class B (which one shareholder owns 100%, probably Peter)for the full conversion amount. Effectively, Peter could gain 99% ownership of the Company via this legal scenario.
THIS EFFECTIVELY JETTISONS THE COMMON SHAREHOLDERS FROM EQUITY PARTICIPATION IN THE COMPANY. IT EFFECTIVELY WILL BE A HIDDEN DILUTION AND MORE IMPORTANT THAN ANY OF THE PRIOR DILUTIONS THAT HAVE PLAGUED PVEC THE PAST TWO YEARS!!!!
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