Metal Arts Company (MTRT)

[FrankF]

QUESTION FOR THE BOARD PLZ

That's valid...we have time here at this share structure. And this share structure is, I think most will agree, undervalued at this price point. I see them voting only on what they have written up in their statement to shareholders. They laid out exactly what they wanted & have the shares to vote it in. I know this has been stated by many, but it is worth repeating - AS has nothing to do with OS...at least as it pertains to current share value. An AS of 20 billion shares would still leave us with an OS of 14m & change and would NOT have a technical impact on current share structure or price. WE WILL BE SPORTING 14M SHARES FOR THE FORESEEABLE FUTURE! You can honestly & truly bank on that.

EXACTLY!


All you guys keep seeing me speculating about the meaning of the proposed A/S increase, and I keep coming back to what?


What any PREFERRED SHARES [potentially approved] might have to do with it.


But what if they're not interested in and/or won't vote on preferred shares?


Oh, but they are!


The fact is, 5,000,000 preferred shares ARE "written up" . . . and "will be voted on."


It's right in "Exhibit A!" ----->>> https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165868883


And preferred shares are almost always "convertible" -- meaning they have to raise the A/S high enough to cover however many shares the preferred shares "could" potentially be converted to -- even if they had zero intention of issuing additional shares for other reasons.


(Not claiming they have zero intentions of issuing any commons, just saying they would have had to raise the A/S anyway, even if they didn't intend to.)


We need to take a step back and realize they're voting not just on an A/S increase, but absolutely ARE also voting on 5,000,000 preferred shares, which MIGHT mean a whole lot in terms of our final "OUTSTANDING" share structure.


Just because they authorize 2B shares to cover the preferred shares' conversion feature, by itself means ZERO in terms of shares ultimately "issued," and therefore market cap.


The glaring fact that preferred shares are mentioned as items to be voted on, should make us wonder what the conversion rate will be, if any, and what that would mean in terms of additional commons even available for issuance.


If the conversion rate turns out to be 200 or 300 commons per one preferred, that would leave very few commons that could potentially be issued even if they wanted to.


(Which would be a new catalyst, come Sept. 20.)


I know, we're just so used to getting dumped on and diluted to death by otc stocks that we suspect the bottom to drop out at any second, because so often otc stocks only raise A/S to turn on the prining press! I hear you! They want free money off a fake business.


But when it comes to real companies with big business and the structuring of reverse mergers into an otc shell, they don't have printing presses in mind, they're thinking how to stucture the company to avoid a hostile takeover, etc., and convertible preferred shares is so often part of that . . . (but requires an adequate A/S raise for it).



PLEASE TELL ME WHERE I'M WRONG!



I'M ALL EARS!



SO MY QUESTION FOR THE BOARD is the same one I asked Wayne but he never answered for me:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165876919

Do you disagree it's factual that MTRT would have to authorize enough shares to allow preferred shares to exist, assuming a conversion feature might/perhaps be attached to the preferred shares? (Which we won't know until finalized?)


And if at that time we learn a conversion feature is attached to the 5,000,000 proposed preferred shares, would that guarantee at least a portion of the A/S would not be available for issuing commons? (Unless they increased the A/S yet again?)


Please, I'm interested in learning what you know about this matter.


Thanks.

ANYBODY?


WHAT AM I MISSING?

















IMHO