Replies to post #87171 on Starfleet Innotech Inc (SFIO)

[BBB]

Very important that those shares become restricted

[multivalue]

It appears, that they are going to reduce the Authorized Shares (A/S) from 5 billion to 2.5 billion (as per today's news -- apparently this will take a few days to show up on otcmarkets.com as they wait for Nevada approval).

It is then rumored, by SFIO directors, that they are in negotiation to convert the regular shares they used to pay to Hatadi, themselves, MVL, Big Lou's, etc. etc. to preferred shares (restricted for 1 year is the last I heard) and thereby reducing the outstanding shares (O/S).

All great in my opinion, will just have to wait and see if it all comes together as such. FWIW I believe it will.

[reader3]

They can exchange common for preferred. It's not automatic, but they can make an agreement to do it, and then do it.