Aaaaah there it is....
"If the Company at any time subdivides its Common Stock, by split-up or stock split, or otherwise, or combines its Common Stock, or issues additional shares of its Common Stock as a dividend, the number of shares of Common Stock issuable upon the conversion of each share of Series D Convertible Preferred Stock shall be automatically increased proportionately in the case of a subdivision, split, or stock dividend, or proportionately decreased in the case of a combination; provided, however, that in the case of combination, the common stock into which the Series D Convertible Preferred Stock may be converted may not be decreased by a ratio of more than 10:1."
Now Dwarren, there is a possible answer to why the large shareholders would approve this. If those warrants were being issued at .005 in 10,000,000 increments for $50,000, and they had the same language as this new preferred stock....that would mean that all the larger investors would be limited to only a 1:10 reverse on those warrants, or preferred stock that Ronny told us were being offered to the larger shareholders.
So, while the rest of us lose all of our shares, the big dogs will be retaining millions.
Again, Noreen has proven time and time again to be a piece of sh*t, with absolutely ZERO give a shit for any investors other than the larger investors. She will destroy us all, and will go home and sleep at night without a care in the world, because she has no conscience, no ethics, compassion or morality to do things in a way to attempt to protect all investors.
She should be in jail, she is not only a horrible CEO, but a horrible human being. Karma.....she's a bit*h, and I truly believe that what comes around, goes around.
We were all lied to and used to make the select few, the board and Noreen, one day, rich, on our backs.
I have talked to a few CEO's from some other companies doing very well, and they have told me, a reverse stock split is not necessarily a bad thing, if you have revenue, a pipeline to make revenue, financial backing etc to immediately uplift after that reverse. But, for an OTC company to do it, only to wipe out debt, with no revenue to be coming in after will have the opposite effect, and many end up reversing again. The reality of this situation is:
There has been no one who is financially backing us, there are no approvals for LDN anywhere, there has been no report of revenue from the pills that were shipped, Noreen and the board continue to be deceptive, and are as far from transparent as a company can get, and no audits have been done to specifically file an S-1 to uplist.....
Us and the large investor's are being lied yo again, and the supposed, what I believe are the protected warrants Noreen has been offering them, is her and the Boards leverage or perswasiveness to con the large investors to vote for this.
I told you my opinion before that this was not a dump and pump. All are untitled to their opinions, but this will not end up good for anyone, and because there is absolutely nothing in place to immediately U plist, and no money to sustain any value after an U plist, they will end up doing another reverse, and then the Larger shareholders will feel the pain we will feel if this happens.
Just my opinion
