pennyrobin, I would agree that shares were diluted based upon the 10-Q report with SEC.
I asked more as from what was reported, at least how I was taking the information, is that some of those preferred shares were provided as payment for services. My thought is that maybe the company could not hold any prior binding on those shares being convereted due to what they were being used for in payment. It is only a thought on maybe why it happened, and when Rooney informed you of what he did. Some of those sounds like they were converted before the inquiry on those preferred stocks.
I am not really sure how to look at it over all, but I do not feel it will hurt us much here.
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