Good question. With the super voting rights of the preferred issue, all Clint had to do is vote them to increase the AS at a board meeting. What would be the difference in converting or voting the shares if they wanted to issue more stock? Again this is IMHO, but to gain access to a higher exchange than the otcbb the officers of a company are not allowed to control the company thru the use of super voting preferred shares. Common shareholders must have a vote either in person or by proxy. This may just be a step in that direction, I don't know. In fact you, me or anyone else not on the inside can only speculate why this was done. Other opinions are certainly welcome. I've been wrong before, and will continue to make mistakes as long as I live.
.......al
I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975
