ProText Mobility Inc (TXTM)

[La Dolce Vita]

I would advise you to do better DD.

First off, Steve Berman's Series C Preferred stock does not have convertible rights. Read carefully, while the Series A, B, & D Preferred Stock classes can convert into common stock, the Series C cannot.

Secondly, Berman's preferred stock cannot possibly represent 30% of the already issued Preferred stock outstanding.

Pay attention to the fact that the Series A represent 20% of the postconversion issued and outstanding shares of common stock and the Series D represent another 75%, so doesn't rudimentary mathematics bring us to 95% between these two classes??? So then how do you go on to speculate that Berman owns 30%??? Your math does not add up, and frankly your DD doesn't either.

https://www.otcmarkets.com/financialReportViewer?symbol=TXTM&id=183107

As a class, the Series A Preferred can convert into that number of common shares equal to 20% of the postconversion issued and outstanding shares of common stock. Individual shares of Series A Preferred may convert into that pro-rata number of common shares equal to 1/100,000 of the total shares issuable to the entire class. The Series A Preferred has rights voting rights equal to that number of common shares into which the class is convertible on all shareholder matters. The Series A Preferred has no associated dividend or pre-emptive rights. There are no other material rights of the Series A Preferred stockholders.

Series D – Par value $0.001, 100,000 shares authorized.
As a class, the Series D Preferred can convert into that number of common shares equal to 75% of the postconversion issued and outstanding shares of common stock. Individual shares of Series D Preferred may convert into that pro-rata number of common shares equal to 1/100,000 of the total shares issuable to the entire class. The Series D Preferred has rights voting rights equal to that number of common shares into which the class is convertible on all shareholder matters. The Series D Preferred has no associated dividend or pre-emptive rights. There are no other material rights of the Series D Preferred stockholders.