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Tuesday, April 25, 2017 1:41:34 PM
Preferred stocks can't be converted to commons if there is not enough common stock available in the authorizes shares.
Here the OS is almost maxed out with AS. Only like 40M was available. So there can't be more dilution than that and preferred can't be converted.For that to happen first of all the AS must be increased by the board.
If they have already done that, then it is possible. I have not looked at the filings.
Just reading what you posted and it shows 250M AS.
Good Luck.
Fools argue to win, so stay away from them and still say Thank you.
Smart people argue to seek the truth and say "Thank You" when they find that they are wrong.
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