Sterling, you were saying they weren't convertible at all, which was wrong. The excerpt you found in the corporate charter was exactly what I'd told you and everyone else, and it was clear it was that way since it had just happened a year ago and the the agreement with JPE has a specific ratio for the stock in that deal. Like I said, I do not expect anyone to dump 360B shares into the float, but all the preferred A's need to be watched, especially since the board approved a conversion just a year ago, 25000 for 1B common shares (ratio of 40000 to 1). That was just a scam, of course, like the whole of NHMD, since they only did it to provide a smoke screen, cancelling that 1B with great fanfare while a lender converted 675M last quarter and another 280M since October 13, a conversion at $0.000025 (that's called a hundred bagger at the peak PPS of this pump and dump). And now, if the deal goes through, some of those Preferred A's and the whole alphabet soup of others will no longer be held by affiliates of the company. Sweet deal.
You write up a long diatribe focusing on the fairy tale that a Chinese food company "over there" turned to a New Jersey LLC that had never handled food commodities for half a billion dollars worth of sugar and chicken feet instead of using established sources, and that the LLC's are somehow going to get the very substantial funding to cover the acquisition and transport of those commodities despite that inexperience and the relatively recent financial challenges of the LLC's sole owner, and that sole owner wants to toss all that windfall into this corrupt shell instead of keeping all of it for himself. That defies all business logic. You don't go public just to be public, you go public to sell stock to the public and raise money. You certainly don't go public to adopt the bagholders of a stinky, corrupt, OTC shell.
You also ignore the fact that a lender converted 675M right before this pump, and another 280M since October 13. That's big time dilution, bud, and is very like the foundation/reason for this latest fairy tale and pump and dump. Converting at $0.000025 makes for a handsome profit at this PPS, and that loan isn't nearly done.
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