8k shows TPAC has issued more shares than they have available. The A/S is 5 billion. 4.5 billion common. Well according to the 8k the common stock issued as of 11/20 was 4,268,880,936 and 14,959 Convertible Preferred with 14,959 Preferred at a 1 preferred = 1 million common conversion. That equates to 1,495,000,000,000 outstanding shares/common. So thats 1.5 trillion shares outstanding.
November 30, 2016 (pursuant to which he received an additional 1.3 trillion votes) increased his voting control over the Company to approximately 86% based on 4,268,880,936, 14,959 and 1,500 shares of Common Stock, Series A Preferred Stock and Series B Preferred Stock outstanding, respectively on such date (and thus 1,519,227,880,936 outstanding on such date). As discussed below, each shares of Series B Preferred Stock is entitled to 100 million votes
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The Company’s Articles of Incorporation authorizes the Company to issue 5,000,000 shares of preferred stock, $0.001 par value per share, issuable from time to time in or more series (“Preferred Stock”). On November 29, 2016, the Company filed with the Nevada Secretary of State a Certificate of Designation of Series B Preferred Stock (the “Series B Designation”) which sets forth the rights, preferences and privileges of the Series B Preferred Stock (the “Series B Preferred”). Fifteen hundred (1,500) shares of Series B Preferred with a stated value of $10.00 per share were authorized under the Series B Designation
