Rainmaker, if you simply put this information about the preferred shares in the IBOX and in your DD posts you would not have to waste time responding to posters like Wayne R who are wondering about it. Your continued failure to make this kind of information highly visible to any newcomers to this stock speaks volumes about your ethics, if you ask me. For your sake I hope the deal structure turns out ok and everybody makes money, because if it doesn't you could end up with a whole lot of people really ticked off looking for someone to blame. The first people they are going to point fingers at are the ones who kept underscoring the 30 million shares outstanding while ignoring the potential dilution from the preferred.
I think it is interesting that Wayne seems to be about the only other person who expressed the least bit of concern about how the final share structure will look like, the size of any reverse split, etc. I wonder if Wayne will be receiving any "Stop talking about the preferred shares" and "Zip your lip" messages?