I'm not sure what the C shares are supposed to have to do with Cornell? Is there anything to misunderstand About this from the 8k?:
"In exchange for the WiseBuys shares, the Company issued to the shareholders of WiseBuys 1,458,236 shares of the Company's Series C Convertible Preferred Stock."
Since Tom owned most of Wisebuys, he now owns most of the C shares. Unless he is selling you all down the drain by converting the C shares already, the dilution must come from Cornell but not from C convertibles.
Dilution knows no bottom, greed knows no top.
-Crashman