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Sheepdog

11/25/17 12:26 PM

#47974 RE: Werbe #47973

The 75M Preferred shares convert at 1000 for 1. That is 75B shares. It will be at least a 1 for 1,000 RS and existing shareholders will be wiped out by the subsequent dilution upon conversion.

The only thing left to decide is when to take the tax write off.