Auto Parts 4Less Group Inc (FLES): can anyone help me understand what this...

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Auto Parts 4Less Group Inc (FLES)

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Re: Drugdoctor post# 14800

Tuesday, 11/13/2018 9:07:35 PM

Tuesday, November 13, 2018 9:07:35 PM

can anyone help me understand what this means?

"The total of the Series C Preferred shares shall convert to common stock of the Company at a rate equal to the factor of the total issued and outstanding common stock at the time of conversion multiplied by 2.63. Conversion is automatic as of December 31, 2021, regardless of the acts of the holders"

Series A Preferred shares have no voting rights and carry conversion rights into common stock of the Company at a rate equal to factor of total issued and outstanding common stock a the time of conversion multiplied by 0.0152.

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