APT Systems Inc (APTY)

[threewheeler]

The Series A Preferred Stock has 2,000 votes per share and is convertible into shares of the Company’s common stock at a conversion ratio of 2,000 shares of common stock for each share of preferred stock. On March 19, 2017, the Board of Directors issued 900,000 shares of Series A Preferred Stock to Glenda Dowie, in respect of sums owed to her by the Company in the amount of $1,000, i.e. a per share purchase price of par value ($0.001 per share), 50,000 Series A Preferred Stock to Joseph Gagnon and Carl Hussey each.
900k x 2k =1.8B new shares