Replies to post #172940 on Progressive Care Inc (RXMD)

[DCorleone]

Recent Developments
Exchange of Series A Preferred Stock
We have negotiated an exchange agreement with the Yelena Braslavskaya 2020 Gift Trust, the holder of all of our outstanding shares of Series A Preferred Stock to exchange all of the shares of Series A Preferred Stock into shares of our common stock. We expect to enter into an exchange agreement and complete the exchange simultaneously with the closing of this offering.

[Truth022809]

They will still have voting power if they own over 50% of the common shares…. Depends on what they convert them for