He redeemed debt from preferred shares and accrued interest. He got shares and the debt was erased. It was done at a nice premium to the actual share price.
I think I now know what the "good news" coming is all about, and I'm happy.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or reinvestment plans, check the following box: ?