company doesnt increase authorized if they planned a r/s..plus only 196 m issued
How does a company doing zero revenues get a 41M deficit, come on man, its ALL about stock and IF...IF...IF the company were to issue ALL the preferred to common they dont have enough preferred to cover...NOW why would company issue 3 billion shares...they wouldnt...
BUUT current ISSUED from the past management that issued these preferred shares that convert to more then 200 m authorized so that creates the deficit...BUT accounting needs to take ALL unissued shares into account as well..so company has revised new preferred and IF they issue it ALL out they would go over authorized...ITS ana ccounting thing that has to be recorded...
FACT, 196m issued and current preferred (from old management) being returned to treasury
Company doesn't even own anything YET...they have current common issued and nothing else...we can assume they will issue preferred shares for acquisitions...hence the CLEAN SLATE forward
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