Fair??? Only time will tell?
This is insiders paying themselves for preferred shares that were never supposed to be exercised in the first place. Similar to what was done for BFNH's preferred shares. Anthazar stated publicly that these shares were a poison pill or deterrent while moving assets...........Rich Kaiser has also stated this to people over the telephone directly.
Fast forward - Now that they are converted into common shares, it tells a different story and goes against what was stated previously as the intention for these shares. Is it significant, maybe / maybe not?? If these companies can finally perform a reverse merger with other entities and develop some business acumen, then we may all be very happy.
Only time will tell. If shareholders benefit, that's all I am interested in.
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