Wednesday, December 13, 2017 6:54:35 PM
Re-reading the Q3
On September 26, 2017 the Company received notice from a Preferred shareholder seeking to convert his 25,000 shares of Preferred stock into shares of Common stock. The 25,000 shares of Preferred were originally issued in 2009, the holder agreed to a reduced conversion amount and a leak out agreement to
preserve the market. The Company has yet to receive any paper work for this conversion.
The 25,000 shares of Preferred were originally issued in 2009, the holder agreed to a reduced conversion amount and a leak out agreement to
preserve the market. The Company has yet to receive any paper work for this conversion.
Could it be that during the time of the filings that this conversion was not completed? In speculation, could this be the specific preferred shareholder that may have converted their shares over the course of the past few days/weeks/months?
Pure speculation and all in my opinion.
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