1:30 reverse split then 1 for 5 divvy of a series B preferred (stated value of $10.00 per share) which then can be converted to 20 common per 1 preferred with anticipation of a 6% increase resulting in additional shares of common stock being issued on conversion “put” provision & callable
There has to be an simpler way to do some things,IMO. Glad I still have my old slide rule for ciphering.