I agree, the RS does create a lot of room, but IMHO, it isn't for unplanned dilution or conversion of preferred shares. The is an emerging growth company, which the DD has shown to have entered into numerous partnership, alliances, buy-ins in other companies, who has negotiated many contracts, for batteries and EV's.

Nothing has been revealed about any of these contracts throughout it's entire short existence. IMHO, the November 1st merger, which will show up in the 2017 annual financials will reveal all of these activities and maybe more. The cost of these activities have not shown up on the financials yet either. Where do you think that the money, shares, or whatever was pledged for this massive influx of assets, sources of revenue, etc, will come from. If you guessed, the freed up shares, you are on the right road to prosperity. IMHO, we will be going along for the ride of a lifetime on this potentially huge NASDAQ listed company in the making.

The amazing part of the unknowns of this company is whether the other 8 plates of JinBo will be rolled in as well.