Revolutionary Concepts Inc (fka REVO)

[SamuraiAnimated]

Likely for purpose of asset liquidation, but just a guess

From investorguide.com:

Preferred stockholders typically have first access when it comes to dividends and also in a bankruptcy situation, where after creditors are paid preferred stockholders will be compensated before common shareholders. Preferred stock can also have set redemption terms, where a holder can have them redeemed at a favorable price for either cash or sometimes even common shares.