SideChannel Inc (SDCH)

[TronCarter]

CEO Converts 9mil preferred to 13.5mil common shares

From Page 10 of 12/31/17 10-Q:

NOTE 8 – SUBSEQUENT EVENTS

On January 22, 2018, the Board of Directors authorized Michael De La Garza, Chief Executive Officer of the Company, to convert his 9,000,000 preferred shares, at a conversion rate of 1 to 1.5 common shares, to 13,500,000 common shares, restricted pursuant to Rule 144. On February 15, 2018, Michael De La Garza converted his 9,000,000 preferred shares to 13,500,000 common shares.

From Page 1 of 12/31/17 10-Q:

Class: Common stock, $0.01 par value
Outstanding at February 16, 2018: 20,569,411

Why wouldn't an investor be disgusted and furious?