Each "preferred" share holder receives a varying number of preferred shares relative to the commons they held when the announcement was made. From these preferred shares, 1 preferred share is a convertible preferred share equivalent to 100,000 commons, price at min 2.50 per common share which equals $250,000. As long as the remainder of the preferred shares are kept a dividend will be paid every quarter.
Before anyone starts throwing stones; the selling of these shares will be announced through a pr. In order for the company to trade publicly MM's will be the ones buying up the stock to reconstitute the share structure for the SPO. 50+ million float will be available for trade. And they WILL buy it. Profiting, non dilutive share structure, no debt. record and historical earnings.
CDFT will be a cash cow probably much sooner then most think.
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