TurboDyne Technologies (TRBD)

[Spartanfan1]

In their latest filing, the company released information that stated that the A/S has been increased to 5 billion. When the O/S is maxed out- what else would you expect? The other option would have been to complete a reverse split right now, which is not what they did.

Below you will find information from their recent filing, which I will add discussion to.

12. Subsequent Events
(a) On February 24, 2015, the Company entered into eight debt modification agreements. The details of the
modifications are described in Notes 2 and 3.

Here is an example of one of the debt modifications:
On February 24, 2015, the Company entered into a debt modification agreement to reduce the conversion
price of the notes to $0.0025 and extend the maturity date of the note to the later of two years from the date
of the agreement or the date that the Company completes an amendment of its articles of incorporation to
affect a reverse split of its common stock or increases the Company’s authorized number of shares of
common stock.

Here is another item that shows that they increased their A/S based on a shareholder vote:

(b) On March 20, 2015 the Company received majority shareholder approval from 54.8% of its shareholders to
increase the number of shares of common stock the Company is authorized to issue to 5,000,000,000.

Thus, if we look at the debt modifications.... the options related to the debt were either to reverse split or increase the A/S. Shareholders chose to increase the A/S. Now, look at the value of the convertibles- .0025. Hmm... makes you wonder if the company is expecting a much larger rise in the pps.

Before we claim that the sky is falling and that a reverse split is eminent- let's wait to pass judgment.