Can someone please translate this into real numbers.
NOTE 9 – PREFERRED STOCK
Preferred stock consists of 500,000 Series A Convertible Preferred (“Series A”) and 1,000 Series B Preferred
(“Series B”) shares. Series A shares are convertible after December 2008 or at such time that the Company raises
an aggregate of $5,000,000 in equity or debt financing, into a number of common shares that, when combined
with the number of common shares that the Series A holders held as of July 2, 2007, equal sixty percent (60%) of
the then total issued and outstanding common shares. The Series A holders are the original equity holders of the
LLLP. The conversion of the Series A shares will have the effect of diluting all other common stock
shareholders.
Series B shares are super-majority voting shares of the Company and are held by senior management