6 shares of QREE = 1 share of FLCX [b]plus 1 share of series D preferred.
Noticed somewhere in the filings that the series D will be converted to a new series e that will give 10 share of FLCX for an unspecified amount.
The math questions that needs to be worked out are 1)how many 6 shares of QREE are added to the exisiting FLCX sharecount and 2 ) what is the effect of that many shares x10 (plus the already series D owned by QREE management only) going to add to the outstanding.
Without d0ing all the math, I suspect that FLCX might end be bloated rather than a slim new company.
Also, anyone got a date when this will happen?
Wanting to play again, just need to get a better picture of the whole situation.