That's what Joe says. The real story is they neglected to have in the language that his shares would convert along with the rest of the common shares by mistake and when it was brought to their attention they said the hell with it, leave it.
Now I firmly believe the SEC is going to laugh at the pre14 document for a few reasons that being one of them.
As I have said over and over,unless they come back with something quite different for a proposal it will be crushed like the POS it is.
As far as the company dissolving that is such bulls/it it's incredible. That is total gamesmanship by management. The money is there regardless of the split and bitters has put too much into this to let it go.
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