Common shares are virtually worthless. Based on the 8k below they basically just gave away 635,834 PREFERRED shares which each have 165 times the voting power of a common share.
Worse they are convertable at .00667 so based on the latest and greatest 8k they are worth just shy of 100m common shares (25% dilution in one go)
The original 8k said they had a value of $1000 or 149,900 common per preferred share but that would equal like 95.3 Billion common shares so must be wrong.
Hilariously too, DKAM still owe PK almost $100k after giving him all those shares.
As per the corrected 8k
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Each share of Series C Preferred Stock will be convertible into the number of share of the Common Stock equal to the Stated Value of $1,000 divided by the Conversion Price of $0.00667 (subject to adjustment for stock splits, stock dividends, and similar transactions).
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The Series C Preferred Stock will vote as a single class with the common stock and the holders of the Series C Preferred Stock will have the number of votes equal to 165 times the number of shares of Series C Preferred Stock.
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Upon liquidation, the holders of the Series C Preferred Stock will have the right to receive, prior to any distribution with respect to the common stock, but subject to the rights of the holders of the Series A Preferred Stock and Series B Preferred Stock, the Stated Value (plus any other fees or liquidated damages payable thereon).
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