There's only one thing to be concerned about, JR. If the a/s is raised to or above 1.234B. Without the necessary a/s increase, the preferreds have absolutely NO market value. None.
Voting rights only.
It should be mentioned to note the amount of preferreds issued was just a tad more than needed to retain voting majority. It appears JR simply did not want even the slightest chance of someone else taking the company (contracts, royalties, and patents) over.
The holder of the 434M shares could have done just that if it weren't for JR's preferreds.
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