Trophy Resources Inc (TRSI)

[tigerpac]

It should warm everybody’s heart that 1 million Preferred B shares were issued to Jumpstart’s 22 owners. Yes, 22. A lot with the last name of Canouse. Convertible at anytime at a 25% discount of lowest closing price during 20 days prior to conversion. Senior to common shares for liquidation and eligible for dividends, likely paid in common stock.

Issued $390,000 in convertible debt at when agreement with Jumpstart signed.

$30,000 in revenue for three months according to financials. Lost $75,000 for the quarter. Typical Canouse business. I’d imagine that OS count will be much higher at year end than the current 1.2 billion shares.