The quarterly vs the yearly will be handled differently. As companies usually are not required to do third quarter audits. Which again raises the possibility it's being done for selling the company purposes. A balance sheets does not matter when its audited must include all. Income statements probably can be done for the quarter only. Yearly audits(required from real companies) are reported to well into the start of the new year. So, I guess they are doing a quarterly to have something sooner.
I thought Jared already stated the preferred conversion rate was 1000 common per 1 preferred.....what's another few billion potential shares for the pot????......