As to financing and moving forward, what would prevent SFIO from selling the extra 99 million of preferred shares on the books? Do not believe the common have to be unlocked for that to happen.
1. SFIO could sell more preferred A shares, but who would buy them and why? They are not convertible to common and only have a unique clause that may give them control of the company if there was an R/S.
2. Have no idea on the unlocked idea to sell the preferreds...but prolly not...jmho.