“A/S still 500,000,000 with 10,000,000 Preferred.” I agree that this statement may be true.
But here are some considerations: 1) Perhaps, the A/S will be increased to accommodate the “church” shares; 2) Has a reverse split ever been discussed? I don’t believe this has ever been part of the plan. 3) Where did the notion of Preferred shares come from? That’s never been on the table nor do common shares convert to Preferred. 4) If the shares are being issued electronically, then there will be no Rule 144 restriction since restricted shares MAY NOT be issued electronically. You are comingling buzzwords and erroneous assumptions and may want to speak with a corporate securities professional to clarify your ‘facts’.