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Tuesday, April 09, 2024 4:22:57 AM
Pay attention to what it stated quote above. It says the EMGE Preferred Shareholders will exchange all of their respective EMGE Equity Interests In finance Equity is an ownership interest in the property. Equity interest refers to an ownership interest in a business entity, the shares, or stock interests in a corporation, including the preferred and common stocks bonds, warrants, and other financial instruments of the company.
Be wise! Don't let the negative bashers sway your thinking here. Take the time to research what Equity Interests truly entail. It's crucial to have a clear understanding and not let misinformation cloud your judgment.
From EMGE quarter for the period ending: September 30, 2023.
Page 11 Effective January 1, 2024, all the preferred C has converted into shares of common stock.
Now let's find out WHO IS THE OWNER OF THE SERIES C STOCK? Let's not forget that the Series C Convertible Preferred Stock was converted to common stock on January 1, 2024. Therefore, the insider is not holding the preferred C stock; they are holding the common stock, just like we are holding our common stock, waiting for the exchange to KOAN stock.
This is in black and white and it's clear as daylight. EMGE Preferred Shareholders will exchange all of their respective EMGE Equity Interests. Let's reiterate: it doesn't merely say they will exchange the preferred shares; it expressly states that Preferred Shareholders will exchange all of their respective EMGE Equity Interests. This is because all of the preferred shares have been converted into common shares. The insiders are holding the common shares, so rest assured, we are all in the same boat here, with nothing to be concerned about.
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