Petro America Corp. (fka PTRZ)

[flaflyersfan]

emendee, you are making my point;

It is illegal to issue more shares than you are Authorized to issue. We are going to make an assumption here but nowhere else. If everyone got the same deal on the church shares, they were sold 100,000 for $100. The SEC filing allows $1,000,000 worth to be sold, in which management put $250,000 directly in their pocket.

100,000 for $100 = 1,000,000,000 shares for $1,000,000.

PTRZ cannot legally issue electronic certs on a 1:1 ratio until they do one of the following things that you mentioned. So you agree that nobody can get their certs until:

1) PTRZ Reverse Splits them
2) A/S is increased in Delaware which it has not been.
3) The ratio is changed to fit the Preferred.

PTRZ cannot issue another 1 Billion common shares. As for "restricted shares MAY NOT be issued electronically"; all shares are electronic now. Actual physical Stock Certificates if issued must be converted to electronic shares to be traded. I would have another discussion with your corporate securities professional if he told you that.

Good luck.