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Monday, May 18, 2020 5:21:01 PM
Det, your off by a little bit.
Since your calculation of 1,200 common shares on the day of Series D conversion (assuming 300M OS on that date) agrees with mine, I think that the difference here is how I am calculating the total number of votes.
Perhaps I'm double counting, but here's how I see it.
Common: 300M
Chis' Common after Ser D conversion: 900M
Total Common: 1,200M
But Series C alone gives Chis 2X votes the total number of common, or 2,400 M votes.
Now, add that 2,400M to the existing 1,200M common shares for a total of 3,600M votes.
Retail holds 300M votes, or 8.3& of the total.
Chis holds the remaining 3,300M votes, or 91.7% (not the 87.5% I wrote earlier).
If I'm wrong, please show me my error.
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