Icoa Inc (ICOA)

[StockVoyager]

The settlement was negotiated using preferred shares which was in the best interest of ICOA and the plantiff's. Bankruptcy and liquidation would mean nothing for the plantiff's so it makes sense.
However, what are the options on the preferred shares if any I am asking? It can be negotiated that they can be converted at an equivalent value to commons which would be bad for us. So if the preferred shares are at .50 cents (example) and the current market is .0002 then the preferred shares would be 1 preferred to 2500 common shares = bad!