Energy One Corp (EGOC)

[netmoney1999]

Nothing noteworthy in the report... just a couple things:

On December 19, 2022, the Company’s board of directors and majority shareholders approved to reverse split all of the authorized and issued and outstanding shares of the Company; every 250 shares of common stock that are issued and outstanding as of December 21, 2022, will be reissued into 1 share of the Company’s common stock. The application has been submitted for approval to the Financial Industry Regulatory Authority (FINRA); as of the date of this report, FINRA has not yet completed its review of the Company’s application.

Note that this states the RS for common stock, not the preferred. The existing 13,102,700,000 common shares will get reduced to 52,410,800 shares.
There are 50,000,000 shares of preferred stock, preferred stock designated as Series A-1 Preferred Stock. Each share of the Series A-1 Preferred Stock is convertible into 1,221 shares of fully paid and nonassessable shares of common stock, at the option of the holder.

Are those preferred shares that Lazar holds being reduced by 250:1 also?