![](https://investorshub.advfn.com/uicon/173300.png?cb=1619602903)
Friday, January 12, 2018 12:53:40 PM
(1) The conversion provision and right to convert are perpetual.
(2) Each share of Series B Preferred Stock has 10 votes on all matters brought before meetings of shareholders, vote alongside holders of Common Stock and not as a separate class. Beginning on 11/12/17, each share of Series B Preferred Stock is convertible into 10 shares of Common Stock. As part of funding agreement with the Issuer's private lenders, Xantis Private Equity and William Marshal Plc, Mr. Smith has agreed to lock-in and not convert any of his Series B Preferred Stock prior to September 27, 2020.
(3) The conversion provision and right to convert are perpetual.
(4) Each share of Series C Preferred Stock has 100 votes on all matters brought before meetings of shareholders, vote alongside holders of Common Stock and not as a separate class. Beginning on 9/27/2020, each share of Series C Preferred Stock is convertible into 100 shares of Common Stock. As part of funding agreement with the Issuer's private lenders, Xantis Private Equity and William Marshal Plc, Mr. Smith has agreed to lock-in and not convert any of his Series C Preferred Stock prior to September 27, 2020.
I think it is going to be a very nice 2018 - 2020. Get yer tickets folks.
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