Halitron Inc (HAON)

[ImDerekD]

What happens is this:


Until a target price ($.014) is reached, the conversion ratio of preferred stock remains the same (as does market value, O/S, cash equivalents, debts, etc.,) As the common-share-price increases above $.014, preferred stock conversion ratio decreases (because common shares are being bought, there's less supply, & the investor of 506(c) 8M shares paid a premium @ $.014 which once that price is met, an increase in common share price means that investor's shares are less valuable if the common share price is worth more than $.014). How HAON gets to $.014 is where Hopp's revenue comes in. That's only the beginning (my opinion). What I'm getting at so far from that link in my last post is that, when the conversion ratio starts to decrease for preferred class shares and increase for common shares - the next step is to reduce/terminate those preferred class shares, boosting the PPS of common's even more since the float is evaporating from the preferred O/S being reduced.