EVIO Inc (EVIO)

[GangstaRIB]

OK, so all preferred shares did not recompile as I originally thought. All preferred shares did go through a 100:1 r/s as promised but we still have 3 classes left B,C and D for a total of 6,333,000 preferred shares. (A and E must have been converted to common a while back before r/s)

All preferred shares together would cash out to about 10M common shares.


Here's the word from the big man himself.

Matt,

Here is a response that I just provided to another shareholder. It should answer your question.

The ratio of preferred shares to common shares on a fully diluted basis has never changed since the inception.

As an example, prior to the reverse stock split, the Preferred B Shares which are owned 100% by Lori and Myself had a 100:1 voting and conversion rights. So prior to 9/6, the 5,000,000 preferred shares would have converted to 500,000,000 common shares. Now those same shares only convert to 5,000,000 common shares post reverse. The 100:1 voting and conversion rights is now 1:1.

The same changes impacted Preferred C and Preferred D. Preferred C prior to reverse was 500:1, now they are 5:1. Preferred D prior to reverse was 250:1 now 2.5:1.

Prior to any preferred shares converting to common stock , there are 10,766,725 shares issued and outstanding.

The Series B Preferred shares of 5,000,000, at 1:1 will convert to 5,000,000 shares of common stock
The Series C Preferred shares of 500,000, at 5:1 will convert to 2,500,000 shares of common stock
The Series D Preferred shares of 833,000, at 2.5:1 will convert to 2,082,500 shares of common stock

As such upon conversion, there will be 20,349,225 common shares on a fully diluted basis.

This leaves over 79M common shares for equity raises and acquisitions. Which should be more than sufficient.


William Waldrop
CEO
EVIO, Inc. (OTCQB: SGBYD)
702-343-7470