More on the preferred. They keep postponing the is

More on the preferred. They keep postponing the issuance. Now, it's Nov 30, 2013. However, for some reason, they keep moving the date up, so it's not done until it's done. There's that word "expected" again. The preferred can't be converted to common until a year transpires from date of preferred issuance. Even then, because the common would be issued to insiders, I believe there will be restrictions on how many can be sold in any given quarter.

"As of September 30, 2013, the Series A Preferred certificate had not been issued  because the Statement of Rights and Preferences had not yet been filed in Delaware. The Statement of Rights and Preferences is expected to be filed by November 30, 2013, at which time  the share certificate will be issued.  The shares themselves are reflected in the books of the Company."