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Re: Tengri post# 175544

Monday, 02/19/2018 8:41:40 AM

Monday, February 19, 2018 8:41:40 AM

Post# of 207155
You are missing the most obvious case. Preferred shares are not converted and remain voting control stock. But new capital is raised by selling common equity or convertible debt to common equity into the clean share structure. Lots of funds can be raised with 2 billion new shares without even touching the preferreds.