TAP Real Estate Technologies Inc (RWAX)

[TenKay]

I am still not following. On Dec 31 there were 12,350 pref C shares issued and outstanding, meaning none were converted. Look at the balance sheet in the 10K and the share accounting table.

That represents a total of $12,350,000 worth of convertible (but unconverted) Pref C stock.

Some amount of that stock was converted after Dec 31, 2024 up until May 9 that resulted in the issuance of 3 BILLION shares of common stock during that period. Look at the Subsequent Events section of the 10K. The share price used for those conversions was anywhere between $0.0009 on January 1, 2025 all the way down to $0.0002 on May 9, 2025.

Tell me where I am wrong. That is what the filing says.

The 12.5 Billion is irrelevant because the conversions happened after 12/31/24.