Replies to post #88229 on Starfleet Innotech Inc (SFIO)

[multivalue]

Care to elaborate?

[Beauneedsbiscuits]

These are Class B preferred shares mostly for officers and long term partners/buyouts. These are held against buyouts, takeovers and equity lending. These are RARELY sold out as they leave companies open for takeovers. In the mean time, they are reducing 300M of common shares..which will make the Market Cap even that much more UNDERVALUED!

This is better than toxic lending or massive common share dumps. Rapid expansion requires these moves. I also have concerns that they're biting off more than they can chew , But if they can make it work it will mean a lot better price in a shorter time. I think audits will help a lot and and a couple US epiphany's.... And not going into a recession!!!!

[warrior_king]

That's not what PR says. PR clearly says that 300M common shares will be converted to preferred B shares (preferred B share has 1 to 10 conversion ratio. That means 300M shares will be converted to 30M preferred B shares). These shares will carry at least a 12-month moratorium on sales, further restrictions on sales and an opportunity for conversion to common shares beyond the moratorium, as well as a right of first refusal for the company to repurchase offered shares.