Replies to post #41977 on Coretec Group Inc (CRTG)

[iamthe walrus]

DD on preferred stock
https://www.law.cornell.edu/cfr/text/26/1.305-5#:~:text=The%20preferred%20stock%20does%20not,the%20option%20of%20the%20holder.
certificate of designation filed at closing so we dont now all yet ???what do you think ??
8K Each share of the Series C Preferred Stock is expected to be convertible into One Hundred Fifty (150) shares of Common Stock and has a stated value of $3.00. The Preferred Stock is not expected to: require the payment of any dividends; include any operational covenants; or require the Company to redeem the Series C Preferred Stock. Each holder of Series C Preferred Stock is expected to be entitled to cast the number of votes equal to the number of shares of Company Common Stock into which the Series C Preferred Stock held by such holder are convertible. In addition, it is expected that all outstanding Series C Preferred Stock will be automatically converted after a mandatory conversion event, which will be set forth in a certificate of designation that the Company would file with the Secretary of the State of Oklahoma at or before the closing of the Exchange.