Great post, thanks for the DD. I will add this to the IBOX later in edited form (minus your comments) under the header " Fully Diluted" or "When Fully Diluted".
The purpose of the elimination of the anti-reverse clauses in the series B & C preferred stock was to demonstrate management commitment to ensure all shareholder values and objectives are aligned.
Furthermore, while the "anti-reverse" clauses existed, it would make it impossible for the Company to attract traditional institutional and/or accredited investor financing.
Regards,
Will
William Waldrop CEO Signal Bay, Inc. (OTCQB: SGBY) 702-343-7470