Gasco Energy, Inc.(fka GSXN)

[scooper52]

Restructure numbers dont make sense. So I read the press release about the restructuring but the numbers don't make sense. How does 394 million new shares plus 50,000 preferred shares equal 97.5% control of the company? I get that the prefeered shares can be converted to common stock but in order for the current outstanding shares of 164million to have 2.5% ownership there would have to be 6.5 billion shares outstanding. Am I missing something? Are they really going to let the 50,000 preferred shares convert to almost 6 billion in common stock. Any feedback is appreciated.