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Mr Wang would not want a reverse split

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CaniDon   Tuesday, 10/24/17 08:30:09 AM
Re: greekgal72 post# 134907
Post # of 205759 
Mr Wang would not want a reverse split and here is why!

Quote:
*Convertible Preferred Stocks are a slightly different animal. The offer the investor a lower interest rate than regular Preferred Stocks, in exchange for the option to convert the Shares into common stocks. Consequently, if the underlying common shares do split, there is a mechanism in the terms of the convertible to adjust the convertibles conversion value accordingly.



https://www.quora.com/Do-preferred-shares-of-stock-split-or-reverse-split-along-with-common-shares

300,000 preferred shares were issued to Mr. Wang DeQun on December 2, 2016. Each preferred share is
convertible into 2,500 common shares. During the six months ended June 30, 2017, Mr. DeQun invested
additional paid-in capital to fund the Company’s future operations.

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