Tuesday, September 19, 2017 8:14:21 PM
So still about 3.7M pref shares issuable. These could very well be a new class F with a totally different conversion rate as you said earlier but it's the a/s of common shares must cover these fully converted (as well as any notes, etc)
Make sense? It's pretty squirrelly and took me a while to wrap my head around. What actually happened is that the number of preferred shares outstanding did not change, however, the conversion ratio was changed 100:1 along with the r/s. So there were 5M b shares before... Still 5M B series shares BUT conversion and voting rights are 1:1 with common stock and they WERE 100:1.
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