Drinks Americas Holdings, Ltd. (DKAM)

[Toxic Avenger]

I don't think the preferred C split in the same sense as the common because the conversion price adjusted by the 15:1 ratio, according to the terms of the preferred C. That means the C now converts at 10 cents a share instead of .667 cents.
If the C shares also decreased by a 15:1 ratio, it would be a double hit. For example, pre-split 15,000 shares of preferred C converted into 2,250,000 shares of common. Post split, with the adjusted ratio of 10 cents/share, the 15,000 preferred shares would convert to 150,000 new common shares, or 1/15th of the pre-R/S shares. However, if the 15,000 preferred shares now became 1,000 preferred shares at the new ratio of 10 cents/share, it would only convert to 10,000 new common shares, a reduction of 225 (15 squared) from the original.
So I think the preferred C shared did not get reduced, but their conversion ratio did.