James has said that most of the preferred will not convert. They need a valuable stock so that they can use that for acquisitions. James has been remarkably reliable and can be trusted.
The deal is very similar to the QIND/ASNS deal. In that case QIND has no preferred shares at all. So. clearly the are uplisting with the idea of making QIND stock valuable. It is the same with DRCR/SGN. We don't have to worry about preferred conversions.
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