About 90% of it into common.. it might be what his form 3 statement indicates
I looked at the fileing about the terms of the purchase agreement and didn't see anything about his B stock paying 8% interest or being payable in cash ( like the B stock Howard Ullman and the other CHDT insiders got from loans )..he'd have no reason not to convert it
It would help to explain how we've wound up at 554 million shares outstanding after Ullman reduced that ( about 545 million down to 525 million ) by 20 million with his common into preferred swap
is why it was sold to CHDT for the proverbial "bowl of potage".
If this company is supposed to generate immediate and substantial revenues, as has been so loudly and abundantly ballyhooed here, why was it sold to CHDT for a measly 750k cash plus some questionably valued stock?