They're going take away 250 of the existing common shares, and then give you one new common share in exchange. However, the A/S will be 1.5 billion new common shares, so they have 1.44 billion common shares to dilute...AGAIN. However, no R/S of their preferreds.
They are doing this because they maxed out. So, they need to wipe out existing commons to pay their salaries.
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