Darcy converted alot of Series A and Series B Preferred.
After giving effect to conversion of the Series A Preferred (as defined below), the Common shares indirectly owned by Mr. Klug are held as follows: 2,350,000 shares are held by relatives, and 150,000 shares are held in the reporting person's trust. 123,357,047 shares are held by Beechwood, which is a greater than ten percent owner of the issuer and a second reporting person on this report. (See footnote 5 below.)(2) After giving effect to conversion of the Series A Preferred (as defined below) and the Series B Preferred (as defined below), the Common shares indirectly owned by Mr. Klug are held as follows: 2,350,000 shares are held by relatives, and 150,000 shares are held in the reporting person's trust. 248,206,412 shares are held by Beechwood, which is a greater than ten percent owner of the issuer and a second reporting person on this report.
At March 31, 2020, including accrued but unpaid dividends, there were potentially 205,846,071 shares of common stock issuable upon the conversion of our outstanding Series A Preferred Stock and, including accrued but unpaid dividends, there were potentially 122,796,364 shares of common stock issuable upon the conversion of our outstanding Series B Preferred Stock.
