$TXHD Pretty sure the Preferred series C was converted to common stock and distributed to the officers. the preferred shares that the officers own now are of the same value as all shareholders. and they are indeed restricted. not dilution, value was already there. and if you go back to 2017 that value was worth about 6 million(looks like it increased the market cap up 2.5-3M currently). this is great imo. wais owns 40%(not over 50) nick owns 13% and David owns 13%. The relentless guy will be joining the board of directors with wais so he will be getting a % restricted also. one thing is for certain though. Converting the preferred shares to common stock means they believe the price will increase. Because preferred shares are protected from things that common shares are not.
Looks like to me management just paid themselves $1.5 million dollars if they get this up to a buck. How many more times are they going to pay themselves all while diluting the shareholders.
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