MedSmart Group Inc (MSGP)

[RumblinBumblin]

If you look at the disclosure statements, yes, there are about 900,000 shares of Common Stock post reverse split. All are in the float as the Company is controlled solely by its issued and outstanding preferred stock.

There is a around $75,000 of convertible debt that can convert at 60% of the current average closing price. Held by MJ Holdings.

Where the biggest issue (maybe) is the 50,000,000 shares of Preferred B Stock issued and outstanding. From what I can read in their last OTC Market filing, it is convertible into 10 shares of Common. The reverse split of the Common did nothing to change the conversion rate of the PB.

If any part of this PB class is held by non-affiliates, then this is poised to turn into a a pump and run post reverse split.