WiFi TV Inc. (WIFT)

[jonesieatl]

Yep a144 , it does help , thanks.

I know examples of stocks that do that abound.

NEOM is one which has sold so many Convertible Preferreds (superstock) , CD's and warrants to a toxic financier (Yorkville f/k/a Cornell) that at today's PPS the fully diluted share count is around 4X the Authorized Shares ... even though the OS is only 1/5 of the AS.

I think a R/S isn't out of the question , although it would be their first ever as far as I know. A R/S would get that fully diluted number back below the AS , as long as they left the AS where it is , and allow for the 'fund raising'. As far as being up to the BOD , most are gone , of the few who are left one is brand new and they all seem to be Yorkville lackeys.

With Yorkville currently having rights to billions and billions of shares , and common stock shareholders holding a billion or so ... your scenario works perfectly for them.

Yorkville is the only shareholder whose vote counts.

Thanks again , just looking for a little corroboration of what I think is going to happen next.

jonesie