Preferreds lock up doesn't matter
If the insiders are still holding millions of shares that they were not able to unload with the SirenGPS run, there would be no way to sell off more shares by converting the preferred yet.
No 10Q/K report shows the company with any revenue, so far.
For some reason the Q3 2016 10Q report is not out yet, and through 06/30/2016 revenue is zero.
I expect that when the company finally shows some revenue, and the insiders unload the decorative common shares they have left from the SirenGPS run, that the conversions will start, the company will put out a massive PR programs, and start corralling in the muppets to buy up the shares.
Louis J. Desy Jr.
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