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Re: ChuckBits post# 6079

Monday, 02/01/2016 12:07:14 AM

Monday, February 01, 2016 12:07:14 AM

Post# of 63324
Hey Chuck,

I was wondering if you could help me with the breakdown.

Each unit:

1/4 share of series A preferred
Which converts into 10 shares at an exercise price of $1.24

20 shares or Series A.

How do you get the total amount of shares you get from each?

I keep thinking an exercise price of $1.24 is hurting us because the stock price is not higher than that. I am probably very confused. Any help is appreciated.
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