Priority Aviation Inc (PJET)

[samsamsamiam]

Dilution from hell:
https://backend.otcmarkets.com/otcapi/company/financial-report/177284/content
NOTE 5 – DERIVATIVE LIABILITIES
(1) Derivative liabilities from exceed authorized shares of common stock
As of June 30, 2017, we have determined that we currently have (i) the following shares of common stock issued, and (ii) outstanding instruments which are convertible into the shares of common stock indicated below in connection with warrants, convertible notes and preferred shares previously issued by the Company or for issue as a result of agreements with the Company:
664,599,967 Common Stock Issued and Outstanding
9,376,452,242 Common Shares convertible from convertible notes
456,888,889 Common Shares convertible from convertible preferred shares
10,497,941,098 Total Common Shares Outstanding and Accounted For/Reserved
Accordingly, given the fact that the Company currently only has 1,000,000,000 shares of common stock authorized, the Company could exceed its authorized shares of common stock by approximately 9,497,941,098 shares (December 31, 2016 – 6,214,111,523 shares) if all the financial instruments described in the table above were exercised or converted into shares of common stock. 9,497,941,098 of these shares (December 31, 2016 – 6,214,111,523 shares) were in excess of the authorized shares and were accounted for as a derivative liability. The fair value of these 9,497,941,098 common shares (December 31, 2016 – 6,214,111,523 shares) was determined to be $5,698,765 as of June 30, 2017 ($5,592,700 – December 31, 2016) using the closing price of PJET’s common stock.
The company however intends to address this issue in the future by continuing to review and have further discussions with major holders of the listed debt transferred from discontinued operations, so as to attempt to reach an agreement that would substantially reduce such liability and its dilutive effect. There can however be no assurance that such an agreement will be voluntarily reached, which may the cause the Company to explore further other actions it may deem necessary.



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And anyone believing the YASMINE ACEBO is the actual CEO and not a puppet of Tilton/Tourno/Verges running these scams along with Larry Zoakley is a fool that deserves to lose their money!!