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Saturday, March 11, 2017 12:33:36 PM
Good Gaming 10Q for period ending 09-30-2015
Presplit, as of 09-30-2015.
Common Stock - Authorized: 2,000,000,000 common shares, with a par value of $0.001 per share Issued and outstanding: 1,878,340,000
Class A Preferred Stock - Authorized: 249,999,000 preferred shares, with a par value of $0.001 per share Issued and outstanding: 7,500,000 shares
Class B Preferred Stock - Authorized: 200,000,000 preferred shares, with a par value of $0.001 per share Issued and outstanding: 153,998,873
Class C Preferred Stock - Authorized: 1,000 preferred shares, with a par value of $0.001 per share Issued and outstanding: 1,000
In summary.
Common shares: 1,878,340,000
Class A preferred: 7,500,000
Class B Preferred: 153,998,873
Class C Preferred: 1,000
At what rate do they convert into, presplit?
Class A convert at the rate of 1 class A into 20 common shares
Class B convert at the rate of 1 class B into 200 common shares
Class C do not convert into common shares (But always have 51% of the voting control of the compny)
The 7,500,000 issued and outstanding shares of Class A Preferred Stock are convertible into shares of common stock at a rate of 20 common shares for each one Class A Preferred Share. The 153,998,873 issued and outstanding shares of Class B Preferred Stock are convertible into shares of common stock at a rate of 200 common shares for each one Class B Preferred Share. The 1,000 issued and outstanding shares of Class C Preferred Stock are are not convertible . They are Voting preferred shares If all of our Class A Preferred Stock, Class B Preferred Stock and Class C Preferred Stock was converted into shares of common stock, the number of issued and outstanding shares of our common stock will increase by 4,489,774,600 shares.
And that was back at 09-30-2015.
Since then they have issued all kinds of additional convertibles.
Louis J. Desy Jr.
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