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Re: Moving On post# 23914

Monday, 09/27/2021 3:50:41 PM

Monday, September 27, 2021 3:50:41 PM

Post# of 30169
They can't convert for 2 years. Nothing to worry about. Also, converting 9 Series A drops their voting rights by 10.8% to 49.2% giving an opportunity for a hostile takeover.

Therefore, after the 2 years expires on their preferred series A shares, to keep control, they can only convert 8 series A. That's only 800M common shares. 2.7B OS is nothing.