Metal Arts Company (MTRT)

[FrankF]

Link? How did you calculate that?

I'd love to know, because the higher the conversion rate the more shares are locked up and unavailable for issuance.

Yet 3.5B doesn't seem to make make sense, since that would mean 3.5B of the 2B A/S are unavailable for issuance.

In other words, if you are correct there should be less than zero shares currently outstanding.

Unless I am missing something?

3.5 million shares preferred equals 3.5 billion common.