So if you get one preferred for every 100,000 if you have 2 million shares you get 20 preferred shares which in 6 months converts to 2 million shares at the current market price. It sounds like this is a two for one dividend that is going to be used to keep shareholders around for more than 6 months.
The company has been pumping out news so what people need to realize is once the dilution and the stock will begin to catch a gear and run. This is a scared market so instead of loading up now people might hold off until they see dilution is through
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