The part you are missing
They were all made common...
1,250,000,000 has to become 1,250,000. That become a 31% share reduction and or at .04 X 31 = $1.24
so 194,445,417 shares bought at .006 X 31 = .186 x 194 M = 36 Million
Considering we are at .0412 X 31 = $248,345,686.00 Common
$248,345,686.00 Common shares + 1,550,000.00 D shares = $249,895,686.59 in assets