Yuka Group Inc. (YUKA)

[wingtrade]

From a capital structure standpoint, there is good news in that, of the 50,000,000 shares of preferred stock authorized, zero have been issued. These preferred shares carry a conversion ratio of 50 shares of common for one share of preferred . Provided these shares are not utilized for toxic financing, the stock should rebound nicely once the campaign is concluded.


anyone with knowledge on the subject care to comment on this? is 50:1 normal? i mean, am i reading that correctly that there's another 2.5 billion shares potentially hiding out there that could be dumped on the market? can an 'opinion letter' free up preferreds? does the company have to announce issuance of preferred shares before they hit the market?