On December 2, 2021, the Registrant completed a private placement offering selling 1,500,000 shares of Series C Convertible Preferred Stock (the “Series C Preferred”) for $2,250,000 ($1.50 per share) to seven accredited investors. Each share of Series C Preferred is convertible into one share of common stock at $0.015 per share.
Seems to me that the above should read that "Each share of Series C Preferred [color=red]is convertible into 100 shares of common stock"
See also below in the document:
Right to Convert. Each Share, originally purchased for $1.50, shall be convertible into shares of the Company’s Common Stock at a price per share of $0.015 (1 Share converts into 100 shares of Common Stock) (the “Conversion Price”), at the option of the holder thereof ...
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