The 75M Preferred shares convert at 1000 for 1. That is 75B shares. It will be at least a 1 for 1,000 RS and existing shareholders will be wiped out by the subsequent dilution upon conversion.
The only thing left to decide is when to take the tax write off.
I love Carrots. But that is just my opinion. Like all of my posts are just my opinion. As in "MY OPINION ONLY".