You just arent getting it are you? I have read your posts. People should read what you have bolded. However they should also read the rest of it because it is more important to actually understand what is going on here. In order to even buy that preferred stock that you keep going back to, the company has to issue a put. Ya with me here? Ok good. The conditions necessary for that are listed in section 2(c). Following along still? In 2(C)(iii) it lays out very cleary where the dilution is hitting hard. The company's debt is being converted into shares of common stock after it is assumed by the investor. GOT IT?????