Wrong if the vote ends up with 1/100 we would have 30 Mil possible O/S/ This would allow WW to dilute from 30 mil shares up to 1 billion. Of course we have no say so with nothing per the vote. I voted against everything except name change except for 1st 7 mil. Totally set up for insiders. Even TR-TC after the preferred are converted allows for a real vote on everything. CEO and CFO must go as the financials controls are not there but certainly toxic financing continues along with management bonuses all on our back. No wonder note holders want assurances. Talking NASDAQ bull crap will never happen until more shareholders call what is happening for what it is period.
No, he cannot sell up to 1 billion shares because the difference between the post r/s float and the 1 billion authorized is locked-up in reserve for note conversion, should it happen. This reserve far exceeds the current conversion factor in order to ensure that if the pps falls dramatically, there will be enough shares in reserve to cover the notes.
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