Red Cat Holdings Inc (RCAT)

[Howyadoing]

It looks like on top of a 1 for (700 - 1200) reverse split there will also be a conversion of the series A Preferred Stock.
From 8k:
The new Series A Preferred Stock WILL CONVERT AUTOMATICALLY to common stock upon the effectiveness of ANY FUTURE STOCK SPLIT of our common stock. In total, the common stock and Series A Preferred Stock issued under the SEA will constitute approximately 83.33% of our issued an outstanding share capital on a fully-diluted basis.
https://www.sec.gov/Archives/edgar/data/748268/000155479519000143/tfvr0515form8k.htm


The 8k says the Series A Preferred convert @ Reverse Split to - 21,690,680,000 commons
Based on these numbers a 1 for 1,200 R/S would make the post split outstanding shares @ 18,468,450
A share price of $4.56 per share based on Fridays close of .0038
A post split Market Cap of $84,216,132

Leaving the A/S @ 510 million