The bolded part is about purchasing preferred stock. You are correct. In order to purchase preferred stock there are some conditions that must be met FIRST.
one of those conditions is that the investor must assume debt that belongs to the company. This assumed debt will be converted into an equivalent amount of common stock and will be given to the investor. You refuse to acknowledge this publicly because you want people to be fooled into only reading the bolded part.
This is pure deception on your part. It is very dishonest and there is no place for it on this board.
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