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Re: StockScout1 post# 278565

Sunday, 05/01/2016 5:10:30 PM

Sunday, May 01, 2016 5:10:30 PM

Post# of 347738
SS1, here is what I am trying to understand and ensure I have this correct! It has to do the with value of Class B's before converting them to Class C's. Then a cross comparison of the value of the Class C's since they were traded in place of the B's. Then comparing both the B's and C's converted to Common Shares which is the ultimate comparison goal, the conversion to common shares. The easiest way to frame this up is to lay out the data below. Do you agree with these numbers in the table below or what do I have that is wrong?

I did not see anything that said the Class B's converted 1 share into 1,000 shares until the announcement of the B's being converted to C's . Subsequently the Q's are saying that the C's are convertible from 1 into 1,000. More DD in this link http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122318827

Also, I didn't use the 125% for the Commons conversion up-value, I used the straight-up PPS.

"On January 7, 2015... Each share of Series C Preferred is convertible into 1,000 shares of common stock; however the conversion price is subject to adjustment... The Company has the right to redeem the shares of Series C Preferred at any time after the date of issuance at a per share price equal to 125% of the stated value. The Series C Preferred automatically converts to common stock upon certain specified events."

Same for Messina's 250,000 Class C's.




Invest on your own DD! Information I post is generally my opinions, subject to errors and omissions!

VitaminFIZZ Store Locator Unofficial Spreadsheet https://docs.google.com/spreadsheets/d/1BIN_16oxZu7jWed0HUrslmt19YCAxrqqDG794lpooF8/edit?usp=sharing