Kaya Holdings Inc. (KAYS)

[deafelephant]

It's those preferred shares that will massively dilute the stock, as long as you're aware of that, all good.

Each share of Series C preferred stock is convertible at any time at the option of the holder into 433.9297 shares of common stock.

AFAI has 10,000 Series C shares. Yikes.

" NOTE 5 – STOCKHOLDERS’ EQUITY

The Company has 10,000,000 shares of preferred stock authorized with a par value of $0.001, of which 100,000 shares have been designated as Series C convertible preferred stock (“Series C” or “Series C preferred stock”). The Board has the authority to issue the shares in one or more series and to fix the designations, preferences, powers and other rights, as it deems appropriate.

Each share of Series C has 433.9297 votes on any matters submitted to a vote of the stockholders of the Company and is entitled to dividends equal to the dividends of 433.9297 shares of common stock. Each share of Series C preferred stock is convertible at any time at the option of the holder into 433.9297 shares of common stock."