Yahooooo. This is a missing piece that I have been awaiting... I still don't have internet therefore, It's hard for me to use my phone for explains in full details. Form 14C release today's to increased emge preferred shares 100000 to 75000 that matches with koan preferred 75000 shares. This is necessary because the preferred shares exchanges ratio is 1 for 1. They already increased koan common shares so the koan common share exchange 1-1 should be no problem. Imho.
I will cover more details when my internet is working again.