Demand Brands Inc. (DMAN)

[tedpeele]

Hey all, I'm new here and also am fairly new to stocks that trade at these levels, so I hope you'll excuse any ignorance here in my post. I'm interested in INMG but am wondering what the word is on this info about preferred shares from the 10Q:

<The Company currently has 11,449 shares of Series B Preferred St
ock authorized and 11,449 issued and outstanding. The Company reduced the total Series B Preferred Stock during the period by 10,190,000 shares. The Series B Preferred
Stock is convertible into Common Stock on a basis of 1 Preferred share to 2,500,000 Common shares. >>

The 11,449 converts to over 28 Billion shares.


<<The Company currently has 20,000,000 shares of Series C Preferred Stock authorized and 20,000,000 shares issued and outstanding. The Company issued the Series C Stock in the Quarter in connection with the Acquisition. The Series C Preferred Stock is convertible into Common Stock under certain circumstances at $5.00 per share and has preferential liquidation rights.>>

I'm not sure what this means - how many common stock shares?

I'm worried that large dilution can come at any time from these holders. Is that a valid concern?