Monday, October 17, 2016 10:33:58 PM
If all Preferred Shares were converted there would be 1,500,001,000,000 common shares. That's One Trillion, 500 billion common shares.
Obviously with only 6 billion Authorized Shares the Preferred Shares guarantees another HUGE reverse split as all Preferred holders will want their piece of the pie at the pig trough.
https://www.sec.gov/Archives/edgar/data/1425883/000126246316001058/ex3.htm
FORM 3 for Charles David Pugh gifts him 50 million common shares and 38,014 Preferred Shares which convert to 3,801,400,000 common shares. Nice gig....all for free.
https://www.sec.gov/Archives/edgar/data/1425883/000126246316001062/xslF345X02/cdpform3.xml
Still think IFLM is a blue chip stock because they have a restaurant in New York City?
Big pile of horse hooie if anyone were to ask me....which will never happen of course.
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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