From recent news,
CEO Ron Miller announces that Silverton Adventures will be issuing Anti Dilutive Convertible Preferred B Stock to all confirmed stockholders in street name, to compliment the same preferred shares that it has issued to management, and shareholders of record. Silverton Adventures is also seeking to negotiate its debt issuances by issuing these equity securities as an exchange for these obligations.
From today's filing,
"As such, the Board of Directors has determined that it is in the best interest of the Company to increase the authorized number of common shares in order to meet the obligations of the Company under the terms of those certain convertible promissory notes"
The preferred stock will be converted to free trading stock on an anti-dilutive basis adding lots of new shares to both management and shareholders is the way I read this.
Market Data 
Markets 
AI
