Anyone know the conversion ratio for Preferreds?
Post# of 6857
(Total Views: 305)
Posted On: 08/24/2022 11:50:36 AM
Anyone know the conversion ratio for Preferreds?
Doc issued himself another 1,256,100 preferred shares for $41k of debt on March 1st 2022, so now holds 100% of the 5 million pref shares.
They were issued at a par value of 0.033 vs common stock at 0.001 but future conversions are not listed.
So many questions on the shares, they just seem to arbitrarily change / disappear without explanation.
Doc issued himself another 1,256,100 preferred shares for $41k of debt on March 1st 2022, so now holds 100% of the 5 million pref shares.
They were issued at a par value of 0.033 vs common stock at 0.001 but future conversions are not listed.
So many questions on the shares, they just seem to arbitrarily change / disappear without explanation.
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