ProElite, Inc. (fka PELE)

[LOL]

Found it. By my count that's about 1 Billion O/S total when converted.

the amount of shares of PEI Common Stock issuable upon conversion of the Preferred Shares on a cumulative basis is equal to 95% of the sum of (a) the issued and outstanding shares of PEI as of the closing plus (b) any shares of PEI Common Stock issued after the closing upon exercise or conversion of any derivative securities of PEI outstanding as of the closing, subject to any adjustment for stock splits, stock dividends, recapitalizations etc. and, in all cases, after giving effect to the shares issuable upon conversion of the Preferred Shares

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8000763