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Re: xyz1002 post# 42131

Tuesday, 04/25/2017 2:05:20 PM

Tuesday, April 25, 2017 2:05:20 PM

Post# of 127559
Well, you should look at the filings...

It clearly states that 14 preferred shares were converted into 35,000,000 common shares last quarter of 2016.

14 shares! Into 35,000,000 shares. That, as stated, is 14 preferred shares times convert factor of 2,500,000 = ???

Right. 35 million shares.

Leaves 81,132 preferred series B shares left to convert into...

Yep. Over 20 billion shares.

Either you are deliberately misinforming people or you need to do a little study. Every company including Facebook, Amazon, and Microsoft has a ton of preferred stock.

Preferred stocks can't be converted to commons if there is not enough common stock available in the authorizes shares.

Here the OS is almost maxed out with AS. Only like 40M was available. So there can't be more dilution than that and preferred can't be converted.For that to happen first of all the AS must be increased by the board.

If they have already done that, then it is possible. I have not looked at the filings.

Just reading what you posted and it shows 250M AS.

Good Luck.

Thanks. But...surely you're not comparing this scam garbage to Facebook, Amazon and Microsoft...are you?

Thanks again. Working to get this shit shut down. GLTY