I suspect that all three of the recent amendments impact the DECN Series D. Why is this a problem? Well, 1 D preferred share can be converted into 120,000 DECN common shares. Per the 9/30/2016 filing with OTCmarkets, no D preferred shares had been issued. Come 3/31/2017, we shall see......
Series “D” convertible preferred stock
We have designated 500 shares of our $0.001 preferred stock as 2012 Series “D”. Holders of series “D”: convertible stock shall not have the right to vote on matters that come before the shareholders. 2012 Series “D” convertible preferred stock may be converted immediately upon distribution. The number of shares into which one share of 2012 Series “D” Preferred Stock shall be convertible into common stock shares is 1 for 120,000 shares of $0.001 par value common stock. 2012 Series “D” convertible stock shall rank junior to all other classes of Preferred stock in the event of liquidation. Holders of 2012 Series “D” convertible stock shall not be entitled to a mandatory monthly dividend.
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