Decision Diagnostics Corp (DECN)

[CADguy57]

Assume the preferred shares were earmarked in March 2017. They can't be converted for 3 years after the date of issue. Assuming some devious unsubstantiated plan by the BoD. The earliest this shares could "multiply" would be March 2020. Unless.
"Holders of 2012 Series “D” shares may not convert these shares into common stock until the expiration of a 36 month holding period, unless the holder has received an extraordinary allowance to convert shares earlier by the company’s Board of Directors."
So I would guess the item to be looking for is, who the shares are issued to, and wheter there is a likelihood that they would get that needed extraordinary allowance.