Not trying to distort facts. the facts are what they are and the facts are there are a million shares of preferred stock convertible into 6,546,470,000 shares of the Company’s common
The directors and shareholders of Unique have approved the Agreement and the transactions contemplated thereunder and as of the Closing Date own 1,000,000 shares of Preferred Stock in the aggregate. Such Preferred Stock is convertible into an aggregate of 6,546,470,000 shares of the Company’s common stock, subject to beneficial ownership limitations and authorized capital stock of the Company.
... and yes, they'll have to up the authorized shares prior to conversion but my point is that if all the shares were to be converted there would be around 7 billion OS which at .08 cents gives this company a market cap of ~ $560,000,000
I have no clue what the company is worth -- DO YOU?
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