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Based on this, does this not look like

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RickMG92 Member Profile
 
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Avinger to Effect One-for-Ten Reverse Stock Split GlobeNewswire Inc. - 6/21/2019 4:05:00 PM
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Current Report Filing (8-k) Edgar (US Regulatory) - 6/19/2019 4:21:35 PM
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Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/4/2019 12:44:48 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/4/2019 12:43:48 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/4/2019 12:42:53 PM
Specialized Disclosure Report (sd) Edgar (US Regulatory) - 5/30/2019 1:39:16 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/16/2019 1:26:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/16/2019 1:22:59 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/16/2019 1:22:01 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/8/2019 4:35:36 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/8/2019 4:07:24 PM
Avinger Provides First Quarter 2019 Shareholder Update GlobeNewswire Inc. - 5/8/2019 4:01:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/1/2019 12:37:08 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/1/2019 12:35:37 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/1/2019 12:34:49 PM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 4/25/2019 6:04:02 AM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 4/25/2019 6:03:55 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/16/2019 7:50:53 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/16/2019 7:47:42 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/16/2019 7:46:47 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/10/2019 8:06:43 AM
Avinger Receives FDA Clearance of Pantheris SV Device GlobeNewswire Inc. - 4/10/2019 8:00:00 AM
RickMG92   Sunday, 04/14/19 01:02:54 AM
Re: None
Post # of 750 
Based on this, does this not look like proof that we are going to go up a ton?!

“Conversion. Each share of Series A preferred stock is convertible, at any time and from time to time at the option of the holder thereof, into that number of shares of common stock determined by dividing $1,000 by the conversion price of $2.00 (subject to adjustment as described below). This right to convert is limited by the beneficial ownership limitation described below.

In connection with this offering, CRG has agreed to suspend the conversion of its Series A convertible preferred stock into common stock until such time as our stockholders have approved an amended and restated certificate of incorporation authorizing at least 125 million shares of common stock. We have created a Certificate of Amendment to the Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock, in the form filed as Exhibit 3.7 to the registration statement of which this prospectus forms a part, for filing with the Secretary of State for the state of Delaware to effect this change. Following the filing of this amendment, the Company has agreed to call a meeting of the Company’s stockholders on or before June 30, 2019, and to use reasonable best efforts (including the hiring of a proxy solicitor), to obtain approval from the stockholders of the Company for an amended and restated certificate of incorporation that increases the number of authorized shares to at least 125 million shares (or such larger number of shares as is necessary) in order to allow for the conversion of the outstanding Series A convertible preferred stock into common stock. In this regard, the Company shall include approval of an amended and restated certificate of incorporation as a proposal to be voted on by the stockholders in such stockholders meeting. If such proposal is not approved in the next stockholders meeting the Company shall include a similar proposal on its agenda for following stockholders meetings and continue to use reasonable best efforts to obtain its approval until such proposal is approved.

Forced Conversion. Beginning on January 1, 2019, if the Company’s average market capitalization is at least $100,000,000 both (i) on a given date, based on the closing price and number of shares outstanding and (ii) for the prior quarter, based on the volume-weighted average closing price during such quarter and number of shares outstanding on the last day of such quarter, the Series A preferred stock is subject to mandatory conversion (subject to the beneficial ownership limitation below).”

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