OMDA Oil and Gas, Inc. (OOAG)

[fAtnhapy]

What part of convertable preferred don't you understand? Yes they lowered the A/S and then the O/S by 60M by buying the chairmans shares for some undisclosed price. Then turned around and kept 5 million prefereds that convert into 250 million shares. So all the reductions mean zilch. ZILCH. Barnett still has complete and total control of the corp including the ability to raise the A/S (again), the O/S (again) and do reverse splits (again) without a shareholder vote. So if you can read you have to take that PR and tear it up.
fAt