On4 Communications Inc (ONCI)

[gt1217]

Ok so let's say this occurs. He retired preferred shares 15 mil on Friday then the rest at the end of the month. A conversion ratio of 5000 to 1. Let's say he then retires and converts 1.5 billion authorized to preferred at the the say ratio it's only 300k in preferred. This could be the only way to do this properly and not lose controlling interest. Because doing it that way he still has 51 percent. I'm ok with this