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Friday, November 20, 2015 1:39:29 PM
Current share structure:
9.96 billion common authorized.
3.38 billion common outstanding.
11,449 Series B Preferred outstanding (convertible to common shares at a 1:2,500,000 ratio.) That's equal to another 28 billion common shares!
20 million Series C Preferred convertible to common stock at $5.00 per share. Where is that $5 per share going to come from? That's $100 million dollars!
Still think reducing the A/S by 3 or 4 billion (@ .0003 = $900,000) will make a difference?
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