Furthermore, while the "anti-reverse" clauses existed, it made it extremely difficult for the Company to attract traditional institutional and/or accredited investor financing needed for us to capitalize on the upcoming California market.
From what I understand, I think what scared people this morning was that they believed that the company removed an anti-reverse clauses from the common stock when they did it on the prefered stock, which only means that IF a R/S occured, prefered stock owner will not be protected and their shares will split like anybody else which is a good news.
What I like less is the loan from LG Capital Funding who is know to be a toxic lender.
WW is going all-out for California. This was the most important part of the E-Mail, IMO.
Furthermore, while the "anti-reverse" clauses existed, it made it extremely difficult for the Company to attract traditional institutional and/or accredited investor financing needed for us to capitalize on the upcoming California market.