Someone with an ounce of reading comprehension or attention to detail should have noticed that the "preferred shares" cannot be converted into common stock until one year after issue. A little further attention to detail reveals they were most likely issued this month, so we have until May of 2014 to continue to trade with approximately the O/S reported on the last quarterly.
They recently changed the President to: Kelvin Pan and Secretary/Treasurer to John Burke.
That's interesting. Kelvin Pan's name was on one version of the recent quarterly as author. Hipple's was on the others. And of course John Burke, who's frequently worked with Hipple in the past, is the "official" company accountant.
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