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Posts | 51038 |
Boards Moderated | 16 |
Alias Born | 08/19/2009 |
Thursday, October 13, 2016 11:54:23 AM
Share structure:
Common - 576,970,215
Preferred A - 1000
Preferred B - 68,187,500
Preferred C - 14 (each share convertible to $1,000,000 worth of Common Shares)
Preferred D - 1 (each share convertible to $100,000 worth of Common Shares)
Let's say just 1 of the 14 "C" shares is converted at current prices. It converts into 1.67B common shares. That is 3X the number on currently outstanding shares.
Current common shareholders own well under 1% of GAWK!
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