Friday, February 09, 2018 3:06:00 PM
I say Highly Unlikely and here is why! For educational Purposes.
From the SEPTEMBER 30, Financial Statement
Mr. DeQun Wang owens 300,000 Series C Shares.
Mr. DeQun Wang owens 100,000 Series D Shares.
Mr. DeQun Wang owens 100,000 Series E Shares.
* Each preferred share is convertible into 2,500 common shares. If Mr. Wang were to convert his shares,
he would own 1,250,000,000 shares which would equal approximately 67.7% of the outstanding shares.
Now remember these a Convertible Shares!
Do You think Mr. Wang would want to R/S his Shares along with ours. Probably not if he is looking for liquidity and institutional investors.
Reference:
https://www.quora.com/Do-preferred-shares-of-stock-split-or-reverse-split-along-with-common-shares
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