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Re: Pacha78 post# 20214

Wednesday, 09/06/2023 7:54:18 AM

Wednesday, September 06, 2023 7:54:18 AM

Post# of 20889
I think the previous RS was only to get the holder of the preferred shares in control. Look there are 20M preferred shares which could convert 1:1 in common shares. These preferred shares were not touched by the RS. So before RS there were more than 800M shares, so these 20M preferreds had nothing to say because they were only 2.5% from
The outstanding shares. After RS we have 8.25M shares and with conversion of the 20M preferred you get in control because you own more than 50% (here more than 70%) of the company. I think this was the idea with the RS to get hypur in control. Yeah who hold these preferreds now? Is it still hypur venture? Is it Galvin or the new owner of hypur? I don’t know but it think it is important to solve this issue. Maybe the company could buy these preferred shares back?