Any idea of Share reduction timing..next week or..

Any idea of Share reduction timing..next week or..?

Quote:

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The new OS is now 3,105,705,518. In addition, we are working with the past CEO to retire the 30 million preferred shares that are on the books. I expect this will be done within the next week or so. These shares are issued in his name and cannot be retired unless certain criteria is met. The shares can never be converted to common but I want them off the books.

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I am unclear on the process-sequence? Past CEO shares the hold up or do we wait for Q1 for OTC Market to proceed after official filing?

thanks