Trophy Resources Inc (TRSI)

[tigerpac]

At today’s prices the convertible notes would convert to 1 billion shares. However by the time someone actually starts the conversion I would think the share price would be lower and you could see 2-3 billion shares.

The Preferred B series is what would get transferred to a new owner and I’d expect several hundred million shares for that.

The other preferred shares A series would be awarded quarterly dividends in the event of a reverse merger. Another 100 million shares per quarter.

Pretty soon the share count gets up to the 5 billion AS and it’s time to jack that number up to 12 billion shares.

Seen it all before.