Exxe Group Inc (AXXA)

[fahrenheitjules]

From Paul's January 2014 email:
"The plan for us to get up to 4 million in assets mid spring and then enter the AMEX Exchange at $2.00 value. We are protecting our investors in the company and they will receive after Finra approval what they paid in Preferred shares. There will be a point where there will be a market adjustment on common shares but all Investors will be protected with their preferred "B" shares. These shares will be restricted for one year."

Two things:

(1) He says preferred "B" shares however the PR says preferred "C" shares. What's the difference? Or was this an error? (Now granted Paul's email came 8 weeks before DIVY approval.)

(2) His email says shares will be restricted for one year. Does that mean they cannot be converted back to commons for 1 year? (Again, this is from his email which came 2 months prior to DIVY approval so some terms may have changed in the actual approval by FINRA)