Japan Food Tech Holdings Inc (JFTH)

[Ellington]

They've already reduced the share count.

AWGI has less than 2.4B shares, and the only preferred shares ("series Z") provide extra voting rights and no conversion to common. Is a pretty good structure, yes?

However, I don't really understand the history of Paul Moody deals not doing a reverse split. Isn't the future treatment of the common shares up to the people who take over the company by a reverse merger?

Why do people believe that current shareholders won't be screwed?