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Thursday, January 20, 2022 9:46:00 AM
conversion of that 70 million block of preferred shares
It's $70 million worth of Preferred Shares (7 million x $10 per share), not a 70 million share block.
Big difference.
To convert all that at current prices would add around 14 billion shares to the count.
To add insult to injury, Boon refuses to give an accounting of who holds all those shares.
All this is not even factoring in the multitude of toxic notes and loans that they're in default on.
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