Bulova Technologies Group Inc (fka BTGI)

[jwih]

5 billion shares should be related to news “ Bulova Technologies Group Exchanges Debt for Equity”

Bulova Technologies Group, Inc. (OTC:BTGI) (the “Company”) announced today agreements with major debtholders of the Company and its subsidiaries to exchange debt owed by a major subsidiary, Bulova Technologies Machinery LLC, for the issuance of common stock, preferred voting stock, and series A preferred non-voting stock. The total debt eliminated as a result of these transactions would be 4.6 Million. The transactions are subject to revisions to the Company’s Articles of Incorporation which would permit the transactions to be completed.

http://www.otcmarkets.com/stock/BTGI/news

Waiting Form 4 to see how 4.6 Million were allocated.

If the major debtholders voting rights is over 2 billions, he will take over the company .