Beta Music Group Inc. (fka BEMGQ)

[Mr_M]

Quarterly Report - Amended September 30th 2018 quarterly report
https://www.otcmarkets.com/stock/BEMG/disclosure
Page 8
Preferred Stock
"On August 21 the Company amended its Articles of Incorporation adopting a resolution designating 1,000,000 shares of Series A Convertible Preferred Stock with a par value of $0.001 per share. The conversion rate shall be 1,000 shares of Common Stock for each share of Preferred Stock."

"On September 30, 2018, the Company exchanged 815,000,000 shares of common stock in exchange for 815,000
shares of newly issued Preferred stock."

The number of outstanding shares was significantly reduced on paper, which looks great to shareholders, but really, they still exist in the form of Preferred Stock, which is why the PPS hasn't changed much.

In my opinion, the upcoming name change shouldn't trigger a price increase, but the up-listing to the OTCQB should increase buyer confidence since the company is required to disclose more information.