Exactly - the "blank check" preferred class shares are to maintain control of the business. This is common, and something that shareholders want to see, should expect to see. We need the core owners and management to have control to execute and develop the business.
The increased A/S is consistent with funding the business as DNRG launches. With the current 171mm shares O/S, the market cap is currently ~ $8-10 million. As DNRG capitalizes the business, new shares will be issued to fund it. As this happens and the business begins to develop, the pps will be increasing in tandem, and the tiny market cap of ~ $8-10 million will increase toward $50 million and $100 million, and then up from there as the business continues to develop.
This is just how it works, no surprises, nothing new.
Management is working hard on the launch, and we should have news soon that will give us a better idea of how it is developing.
