Bravada International Ltd (BRAV)

[BeachBum]

Why don't YOU ask him? He didn't report for 4 years and now all of a sudden he reports and still has a preferred conversion option tied to revenue per Q in series B. Coincidence> of course not.

Do the math NOT danny.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157660243

- Voting: Each share of outstanding Series B Convertible Preferred Stock shall entitle the
holder thereof to vote on each matter submitted to a vote of the stockholders of the
Company and to have the number of votes equal five hundred (500) voting rights for ever
one (1) Preferred “B? share.
- Conversion: Each Preferred “B? share is convertible into one hundred (100) class “A?
common shares of the company and will have five hundred (500) voting rights for ever one
(1) Preferred “B? share. The Preferred “B? shares will be secured by any and all assets of
the company equal to the $600,000.00 debt conversion amount. Further to this, the following
restrictions for the conversion of the preferred “B” shares apply:
1. Conversion rights are restricted on the preferred “B” shares for a period of three (3)
years from the date of issuance (January 22, 2011).
2. The preferred B shares can only be converted based on the revenue of the company
and on a quarterly basis which shall be 1 preferred share per $5.00 in gross revenue
quarterly