Omni Shrimp Inc. (fka OMSH)

[wald]

Platinum IV beneficially owns 1,367,088,000 shares of Common Stock representing 91.12% of all of the outstanding (NNAN) shares of Common Stock.
Mr. Nordlicht, as the controlling person of Platinum IV, is deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Platinum IV, and has the sole power to vote or direct the vote of the securities held by Platinum IV.

The following part of the SEC fileing needs clarification for me. Can anyone help?
Platinum IV beneficially owns 1,367,088,000 shares of Common Stock ...determined as follows:
o 680,000,000 shares of Common Stock underlying 4,250,000 Series C Preferred Stock convertible at 160 shares of Common Stock for each share of Series C Preferred Stock;
o 580,000,000 shares of Common Stock underlying $2,900,000 principal amount of the 2007 Note and August 2008 Note convertible at $0.005 per share of Common Stock;
o 38,000,000 shares of Common Stock underlying $190,000 principal amount of the 2008 Note convertible at $0.005 per share of Common Stock;
o 34,544,000 shares of Common Stock underlying $172,720 principal amount of October 2008 Future Note convertible at $0.005 per share of Common Stock; and
o 34,544,000 shares of Common Stock underlying $172,720 principal amount of November 2008 Future Note convertible at $0.005 per share of Common Stock.


Each of the 2007 Note, the August 2008 Note, and each of the 2008 Notes provides a limitation on the conversion of such note, such that the number of shares of Common Stock that may be acquired by the holder upon conversion of such note shall be limited to the extent necessary to ensure that following such conversion the total number of shares of Common Stock then beneficially owned by the holder does not exceed 4.99% of the total number of issued and outstanding shares of Common Stock. Based on the foregoing limitations, only the Common Stock underlying the Series C Preferred Stock is deemed beneficially owned in excess of 4.99% of the Issuer's outstanding Common Stock resulting in Platinum IV beneficially owning 83.62% of the Issuer's outstanding Common Stock.