Nexus Energy Services Inc (IBGR)

[Pennyboy20]

Preferred Es covert to .001 of the fully diluted, so if dryworld has convertible debt, warrants and preferred As, those all have to be factored in. So more than likely the preferred Es with the preferred D’s will be more than half of this amount…it’s how they maintain control of the company and as long as the preferred don’t get get converted they willl always have more than 50% ownership/voting rights. Imo