I must be the only one who sees they negotiated with themselves on RXSF conversion of B, and trying to portray it as they are not Diluting RXSF Common SHAREHOLDERS in a year by 9X + by today's OS... Second time around.
Rx Safes Board of Directors negotiated with the series B preferred holders to strategically convert a portion of their preferred shares into common stock, with the condition that those common shares would carry a one year restriction and cannot be sold or traded in the public markets. All of the series B preferred holders are insiders or affiliates and continue to show their long-term support for the Company by agreeing to the lock-up provisions, effectively doubling all regulatory sales restrictions on such shares. The net effect of these conversions and lock up agreements is that the Rx Safes market capitalization will now be more reflective of the Company's overall current value while assuring the market that these holders continue to support the Company long term strategy by agreeing to place greater, effectively non-dilutive restrictions on these shares.
I am using this forum for it's original intention. It was created to discuss both points of view staying within the guidelines of the TOS. Remember where we are at all times. It is a DISCUSSION FORUM. Let's keep it real! This is not Trading floor on WALL
