NRP Stone, Inc. (NRPI)

[x-ray-eyes]

Awesome, so shares start converting at a $ Billion Market Cap?!


The remaining 20% was acquired for 95 Series B Convertible Preferred Stock. The acquisition included a corresponding shareholder agreement that set a limitation on the conversion rights of the preferred shares to prohibit the conversion of the preferred shares until specific market value milestones. The shareholder agreement specifies that the preferred shares cannot be converted until NRP Stone, Inc. reaches a market value of $1,000,000,000.00 of all its common stock, at which point 5% of the preferred shares can be converted at any time. The shareholder agreement also limited the conversion of the remaining preferred shares to an additional 5% convertible at $2,000,000,000.00 and the full amount (100%) of the preferred shares convertible once NRP Stone, Inc. common stock reaches a market value of $10,000,000,000.00.