Pro: This present situation could empower common shareholders of SKTO. With iequity sitting on 5m authorized unissued preferred shares (non-outstanding and non-votable) and obviously not interested in having possession of issued preferred shares, common shareholders as a class could conceivably seize the day. If iequity corp fear regulatory scrutiny upon themselves as the reason they resist being issued these shares, so much the better. And as the chief protagonist in the infamous fiasco, it's better that iequity keep a low profile anyway. That said, if enough votes (1 SKTO common share = 1 vote) could be assembled, common shareholders could mount a challenge to management and change things for the better.