If Cheeky is right, then we are ALL GOOD. If the friendly shareholders hold the preferred and won't convert, then its a brilliant plan - and wanting to raise legitimate money the right way, is a very good plan. Looks like the current debt holders join our ranks and that severely prevents dilution when they do convert. I couldn't care less what the preferred convert into, because I'm not a shorter or day trader. They started and supported this company for years, they deserve it. Since this started trading there have been no significant insider sales, and in the last 6 months, nothing, No 144's, no Form 4's showing less holdings, nothing. Just the opposite. More accumulations, taking debt off the books, friendly hands..........how can anyone not like this.
I get it now, and I like it. I think this is being responsible to all shareholders and puts the company in a position to attract real equity capital and non of this debt conversion death knell BS.
Now, all I care about is what are the listing requirements for NASDAQ. Hopefully thats were they want to take this. Does anyone know what they are.?
