Patten Energy Solutions Group Inc (PTTN)

[©PROPHETABLE]

This is the part I don't get "By way of example only, in the event that as of the date of such mandatory redemption there are 2,000,000 shares of Common Stock issued and outstanding and a particular Series B Preferred holder owns 950,000 shares of Series B Preferred and all 9,500,000 shares of Series B Preferred are issued and outstanding, then the entire class of Series B Preferred will be converted into an aggregate of 38,000,000 shares of Common Stock, of which such Series B Preferred holder will be converted into 3,800,000 shares of Common Stock."