Can anyone explain how the original offer to us to convert from Common shares to "Preferred Series B" becomes "Preferred Series C"
What I mean is the original offer was to offer the shareholder the opportunity to convert to Series B. When we get the Preferred certificate back, it was Series C. If that's the case, legally, they cheated us and they do not have to honor the conversion ratio as spelled out in the Preferred Series B offer because the conversion ratio from Preferred B to Common only applies to Preferred series B. Now, we got Preferred series C. They never said how to convert from Series C to Common.
We need a lawyer to look at this. This is a fault.