I..can't..understand why most TRTC shareholder's do not understand they are being robbed.
I guess the math is just too hard to understand. You would think that it would be obvious that common shares reverse splitting, and preferred not would be easy to understand. I don't think it is easy though.
What makes it complicated is that you first have to understand that each preferred share converts into common shares at a bit more that 5 for 1, so 10 million shares would convert to a bit more than 50 million.
So it makes it look like there really are not so many Preferred class B shares. Only 40 million of them, while common is at around 450 million at last count.
THE PROBLEM IS THIS.
The 450 million will be split down to 22.5 million shares in a 1 for 20 reverse split, and the price will be raised by 20X of each share.
The preferred class b remain at 40 million, convertible into 200 million common. ALSO at the same new share price!!!
YOU HAVE BEEN ROBBED!
How can most of you not see how destructive and dilutive this is? The above scenario balloons the fully diluted share count for preferred shares, while compressing common.
Just lay down and take it. LOL
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