That's right, you can shout out no convertible debt til the cows come home, but if you're the CEO (Tom) and you have 11,000 issued preferred that convert at 1 preferred share for each 2,500,000 common shares, convertible debt means nothing. It's all about convertible shares period. I've never been involved in this kind of a shareholder rape before but I learned a few things here.
That's right, you can shout out no convertible debt til the cows come home, but if you're the CEO (Tom) and you have 11,000 issued preferred that convert at 1 preferred share for each 2,500,000 common shares, convertible debt means nothing. It's all about convertible shares period. I've never been involved in this kind of a shareholder rape before but I learned a few things here.
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