Tuesday, February 08, 2022 2:52:35 PM
Commons & preferred series a, b, c, d.
All preferred shares are owned by Lewis and O'Shea. The C & D preferreds are convertible at a rate of 1 to (.001% of current OS)... which means they could convert a single preferred share for 1218 commons. It's not related to price at all.
the preferred shares are already fully maxed against the authorized amts.
only exception are the 10 mil series A of which 0 of the 10mil are outstanding.
all of the current notes & financing are at a fixed price of anywhere from .12 to .25 OR at some percentage discount to recent lows or averages of the current trading price per share.
ALL of these share classes & notes can only benefit by an increase in the share price.
the only "bad" debt to be found in the filings is the J-Ricks note that was stupidly given with no terms other than conversion at .001 per share... so no matter what the SP they're making good $. This is also the only noteholder that's converting any meaningful amounts.
There are no documented options or warrants of the nature you describe so I don't think your concerns are, um, warranted.
Unless I'm completely misunderstanding you? Feel free to show where you're finding documentation of these types of instruments related to CYIO or any ticker really.
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