Anything Technologies Media Inc. (EXMT)

[bigbadjohn]

The Company has authorized 4,000,000 Preferred Class A Shares and 700,000 Preferred Class B Shares. Each Preferred A Share is convertible into 100 common shares.

Each Preferred Class B Share is non-voting and can be converted into 1,000 shares of common stock.

At March 31, 2015, the Company had 2,340,000 Class A and 595,584 Preferred Class B Shares issued and outstanding.

At March 31, 2015, the Company had 2,340,000 Class A shares which converted are 234,000,000 common shares.

Preferred Class B Shares issued and outstanding, 595,584 or 595,584,000 common shares.

Pretty easy to see why they want to have a share buyback program. Those preferred shares when converted equal to almost another 1 billion shares to sell to you and me. A BILLION MORE!!!
http://www.otcmarkets.com/financialReportViewer?symbol=EXMT&id=139172