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Re: Bigdirk post# 35563

Wednesday, 03/29/2017 4:48:07 PM

Wednesday, March 29, 2017 4:48:07 PM

Post# of 67164
EGOH was already silent when Ken came on board. One of the few positive things he's done is to get financials up to date (but they aren't audited, that's for sure).

Did you mean that Ken would give himself preferred shares that convert to common shares at 10000 to 1? I think he's already done that. Nevada SoS update says there was a Series A Preferred Stock designation on 10/4/2016. The recent Quarterly report says that was 1M shares with a 10000:1 conversion rate.

Side question: If the A/S is maxed out, how can he do that sort of conversion? 1M Class A shares that can convert 10000:1 to common shares is 10B common shares, which would double the current A/S.

Looks like an A/S raise will eventually happen, since issued convertible shares always are eventually converted.


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