Dear Cashmere Holding Co (DRCR)

[modes948]

The 2 founders issued themselves almost all the Preferred shares authorized of 50 million convertible at 1:100.Even if they were to convert 20% of those there would be 1billion O/S.
Some people still believe this stock was ‘extremely undervalued’.It was not because everything is there in the last annual report.Unless someone believes that the fully diluted number of 5billion is for whatever reason irrelevant.