Be better to show the math directly...
Here's what it says: Between the 3 entities that got Preferred C shares, it adds up to 100% ownership of the public company - ie - holders of the legacy shares that were already in the O/S from prior endeavors would have no ownership whatsoever. The Reachout owners got 87.5%, Trillium Partners got 10%, and the previous shell owner/CEO got 2.5%. That's total ownership of Frequency Holdings, Inc., meaning those who own the shares in the common share O/S right now would have nothing. It says "fully diluted basis," so the assumption for the conversions has to be that all those convertible notes you've blamed for this thing tanking had fully converted and bloated the share structure. Then, somehow, with all that bloat, the Preferred C's are convertible into, essentially, total ownership of Frequency Holding, Inc.
Show the math, please, as though today's O/S was fully diluted, even though that isn't true.
Don't get me wrong, I do agree that the owners of the private company, Reachout, should keep their ownership through the merger. But I think honesty/transparency with the current holders of common shares is necessary.
Market Data 
Markets 
AI
