No, the amendment filed yesterday wasn’t about the Preferred A shares. There are multiple amendments on that page, and the one designating the Preferred A shares was filed on 11/28, not yesterday.
The one yesterday was for the whole of the share structure, every share of stock with a PAR value. Number was reduced a lot, about a 9000:1 ratio. Not sure what they intended to do, but it is very likely a hosed up change.
They have to do that change with the NVSOS before they file anything with FINRA. Bottom line is they’re up to something with the share structure of this company. The only reason to go public is to sell stock to raise money, and it has never made any sense to merge into a company with 1.2B common shares (out of 2B) issued and outstanding, that’s like handing over whatever Woodbrook was worth pre-merger to the bag holders of the failed NHPI pharmaceutical ventures, really stupid to even consider.
Buyer beware big time.
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