Both of their preferred shares were retired-wrong
There's no evidence they were retired. No way to confirm it. It's safe to assume Clay Pigeon inherited the Porters shares, guaranteeing him continued voting control.
As for retiring 10% of the O/S, is that Clay's attempt at a joke? Any attempt to buyback the shares by BAYP would be a violation of State law. Is he going to tell the Affiliates to send the converted shares back? Or does he have a bucket of 170M shares he previously requested from the TA, which he never handed out?
Regardless BAYP running the O/S up from 260M last October to 1.7B currently, and attempting to pretend to reduce it by 170M must be a joke on his part. And to think in Jan 2015 this scam had only 69M shares. That was after the late 2014 R/S 1:100 from 1.5B to 15M.
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