As I understand it, this is a complete and total capital restructuring. The only preferreds converting are the Series B held by insiders and they will only take a higher pro rata share of the 17.5 million YOTA as a result. Any other convertible instruments are going to be canceled. This amounts to an approximately 1:50 r/s (with additional earn outs approximately 1:30). Now, it's more important to understand the capital structure of YOTA.