Replies to post #84645 on Data443 Risk Mitigation Inc (ATDS)

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"Convertible Preferred Stocks offer the investor a lower interest rate than regular Preferred Stocks, in exchange for the option to convert the Shares into common stocks. Consequently, if the underlying common shares do split, there is a mechanism in the terms of the convertible to adjust the convertibles conversion value accordingly."

https://www.quora.com/Do-preferred-shares-of-stock-split-or-reverse-split-along-with-common-shares

If they convert to common they need to be adjusted as well.....

I saw this happen with another ticker that had preferred that convert to common. The preferred shares adjusted accordingly with the common.

Talk about a serious conflict of interest if a CEO could RS and then keep his rights to convert into 99% of the company. Pretty sure the SEC would have something to say about that.... Simply speculating tho....LOL!!! ;-)