“Ok so he has 38x the powerplay in his pocket now. “
I am not sure what you are talking about, but he doesn’t have “38x power play in his pocket right now”.
I am taking about the issuance of the convertible Pref B stock to the owners of the LLC as consideration for the acquisition.
That stock was dilutive to the legacy common shareholders. It has already been issued. It can’t be used for anything else and is owned by the former owners of the LLC membership interests.
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