EHSK PRE14C issued 200M+ shares for debt conversion
Pursuant to Rules 13d-3 and 13d-5 of the Exchange Act, beneficial ownership includes any shares as to which a shareholder has sole or shared voting power or investment power, and also any shares which the shareholder has the right to acquire within 60 days, including upon exercise of common shares purchase options or warrants and unissued shares to be issued as a result of the conversion of debts owed to beneficial owners and management as a result of the Asset Sale (as defined below). The beneficial ownership percentage of each individual Director or Executive Officer is calculated on the basis of 115,889,206 voting shares as of October 20, 2016 and unissued shares to be issued as a result of the conversion of debts owed as a result of the Asset Sale.. The percent of all Directors and Executive Officers as a Group is based on 338,344,677 shares, being 115,889,206 voting shares as of October 20, 2016 and 222,455,472 unissued shares to be issued as a result of the conversion of debts owed to beneficial owners and management as a result of the Asset Sale.
