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Re: LastCawl post# 39511

Monday, 09/26/2016 12:23:58 PM

Monday, September 26, 2016 12:23:58 PM

Post# of 82665
After doing a little checking some pretty big notes looks to be due....not to mention the fully diluted A/S is like 35 billion when preferred are converted...massive R/S is coming and investors should prepare for no bid....then likely a 1000-1 R/S is coming



This figure represents 74,235,000 shares of Common Stock of the Issuer beneficially owned by Tassos Recachinas ("Recachinas") directly, as well as 120,150,496 of Common Stock by Recachinas indirectly, as described in Item 4 and Item 5, below. Recachinas also indirectly beneficially owns 2,315,500 shares of the Issuer's Class B Preferred Stock. Each share of Class B Preferred Stock provides such holder 1,000 votes for each share of Class B Preferred Stock with respect to each matter submitted to a vote of stockholders of the Issuer. Including the votes associated with Recachinas indirect beneficial ownership of the Issuer's Class B Preferred Stock, Recachinas' aggregate voting power would be 2,509,885,496 votes (1 vote per each share of Common Stock beneficially owned, totaling 194,385,495 votes, plus an additional 1,000 votes per share of Class B Preferred Stock beneficially owned, or an additional 2,315,500,000 votes) on those matters requiring shareholder approval, or 1.5% of the votes out of a total of approximately 168 billion votes outstanding (based on 1,995,290,000 shares of the Issuer's Common Stock oustanding, 7,500,000 shares of the Issuer's Class A Preferred Stock outstanding, and 165,343,064 of the Issuer's Class B Preferred Stock outstanding, as of June 30, 2016 pursuant to the Issuer's 10-Q filed 8/19/2016). Each share of Class B Preferred Stock in convertible into 200 shares of Common Stock of the Issuer. On a fully diluted basis assuming conversion of all of the Issuer's Class A Preferred Stock (convertible into 20 shares of Common stock per share), and Class B Preferred Stock, Recachinas' fully diluted ownership of Common Stock would be 657,485,496 shares (194,385,496 shares of Common Stock, plus an additional 200 shares of common stock per share of Class B Preferred Stock owned, or an addiitonal 463,100,000 shares of common stock), or 1.9% of the Issuer's approximately 35 billion fully diluted shares of Common Stock outstanding.

All my posts are my OPINION>>IMO>>>Do your own Due Diligence!!.......rareF...deal with it

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