Icoa Inc (ICOA)

[Perfectson]

The company has 11,151,974 convertible preferred shares (preferred Bs) that can be converted to common stock at a ratio of 5,000 to 1.

so effectively, they have 55B additional common shares on top of the 6B they disclose. this is why I am doubtful this will see .03 after CE. That would imply a $1B+ market cap for a company doing less than $20M in revenues.