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Monday, May 13, 2024 5:53:50 PM
One Preferred "A" share = 50,000 common shares upon conversion.
91% of the authorized common shares, including converted Preferred "A" shares, belong to the company.
IMHO, the minimum common share price is $.50 based on the Preferred "B" par value of $10 divided by the common share conversion of 20.
$10/20 = $.50
As I said, I do believe that this will be the MINIMUM value of common shares at the beginning.
Everyone, please reply with your insight! Thanks!
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