Obviously you don't understand that the company can print it's own securities, provided they do not come with a CUSIP number of their own. Convertible Preferred Securities have no CUSIP, and thus can be printed directly by the CEO or the Corporate Secretary, without the TA signing anything. Once the security is sent back in to the Company / TA , then the TA counter signs the new common security, which will have a CUSIP, a red restricted legend on the right side of the physical security, and it will become part of the Issued Capital. As it stands today, Convertible Preferred Stock do not form part of the Issued Capital, or the Outstanding. To answer your next question, as to why Gary did not retire his whole position......my guess is you still need some Issued Capital, after a Reverse. So there you have it....your unsigned D shares...lol. You need to spend some time doing due diligence, I guess it escaped you, that companies can print their own class of securities, as long as their is no CUSIP attached to it. Has not escaped us, we are educating ourselves. And for those people, who want to cry foul to the SEC, remember what the SEC hates:
(1) paid for promotions
(2) stock newsletter writers
(3) illegal registration and distribution of securities
CDFT will never engage in paid for promos, does not distribute its securities, without registration, and will not hire paid for con artists to pump the stock to satisfy day traders. They are doing things the right way, the issuance of these Anti Dilutive Shares are a god send, and if you can't see that, then in the words of Riggler, the game is over!
