My attorney's opinion is: 1) the scope of Series E is to be anti-dilutive 2) the par value cannot change based on a pre existing term and condition that was the basis on the investment in series e etc.
Doesn't anyone find it concerning that 1) We three was sold to CDIF 2) CDIF is run by the former ceo of ARNH 3) That CDIF values We Three at $1m 4) that ARNH appears to ahve received pennies on the dollar for this transaction 5) Edgar has one Jason Levy as a stockholder in CDIF - as of last year anyways.
It just keeps getting more interesting. My opinions as always.