Halitron Inc (HAON)

[Helter Skelter]

WTF?

Link > HAON PR JUNE 24, 2016

An affiliate investor has converted 243 million restricted common shares to Preferred Class B shares, which has lowered the current common equity market capitalization, and frees up authorized shares for future accretive acquisitions. The impact of the transaction lowered issued shares to 307 million, of which the affiliate investor now owns 81.7 million restricted common shares. The Preferred Class B shares will be utilized in fully diluted earnings per share calculations, but cannot be converted to common stock for two years. The Board has signed off on all paperwork relating to the transaction and management will be filing all paperwork with the Nevada Secretary of State over the next few weeks so the data will appear on Silver Flume , Nevada's Secretary of the State online portal.

How does one convert common shares to preferred class B shares when the preferred class B shares don't exist? Scam. Do over. SEC, NV SOS Securities Division...need to take a quick look at this...shut it down.