Should we be concerned with this answer from IR? A pinkie, share structure unknown except the common A/S and O/S. No idea how many, cost, of preferred. Inquiries were essentially trying to establish valuation. If preferred hold 51% controlling interest, and there are 3bb common, are there in fact an equivalency of 6bb shares
floating around?
"The preferred shares control 51% of the company regardless of whether there is 1 preferred share or 62 trillion. They are not part of the 3,000,000,000 common shares.
Investor Relations"