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The company can use unrestricted preferred shares that are not subject to any restrictions or limitations on their transferability or conversion. They can make 1 preferred share equal to 20M common shares or whatever number they need to achieve their goal.

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The conversion rates for the current series B,C and D are already set and not changeable. A different conversion rate could be enacted for a new series of stock but any new series would have to be voted on by the common shareholders. That has not taken place.