Synaptogenix Inc (SNPX)

[Cyosol]

If results are good it won't be much different from previous offerings since the company can just force the conversion and get rid of all the preferred shares by issuing common shares and warrants. They will also have to pay out accrued dividends, but that won't be a lot if they force the conversion within a few months.

If results are bad the preferred shareholders get additional benefits that weren't included in the previous offerings.

Everyone else just got shafted because they will now own 30% less of the pie if things go well, and if things go bad I don't think anyone will care about this because most of their investment will have been wiped out anyways.