ERF Wireless, Inc. (ERFB)

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I,m on the side here. No telling what Preferred A stockholder may want in compensation for dilution through alledged illegal convertible debt conventions. Dr John said..

Special Counsel is currently in ongoing discussions with the Class ”A” Preferred Shareholders regarding what appears to be a massive amount of wrongfully issued shares that resulted from numerous conversions by various convertible lenders whom are believed to have been acting in concert for many years.

Dr. Barnett stated, “When these discussions and negotiations are completed, we will keep our legitimate shareholders and the public updated as to any new developments.”

They may be Issuing more Preferred A shares.

They've also issued Preferred B shares for debt settlement

This debt reduction has come as a result of asset sales, exchange of convertible debt and Bonds for Preferred B stock, and negotiated settlements.

http://www.marketwired.com/press-release/erf-wireless-reduces-corporate-debt-more-than-seventy-percent-over-past-two-years-otc-pink-erfb-2195283.htm

I doubt they can cancel shares bought on the open market that
were wrongfully issued and dumped on unknowing retail buyers,
that would be a whole other legal issue.