American Leisure Holdings Inc (AMLH)

[Traderdude6969]

Page 3-4 of the Quarterly Report explains that the preferred shares cannot be converted back into common stock and are a share class that was created merely for voting power 500:1. You can verify this on the Nevada Secretary of State. This means Reyes & Bishop gave up their own 148,500,000 restricted common stock each and converted them into preferred shares that cannot be converted back. Additionally, page 7 of the Quarter 1 Report explains that the certificates owned by the officers contain a restrictive legend on them-- meaning they are subject to Rule 144 and cannot be sold into the market for a year.