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Re: CharlesNet post# 542

Tuesday, 09/28/2010 4:14:59 PM

Tuesday, September 28, 2010 4:14:59 PM

Post# of 1557
Huge Dilution?

http://sec.gov/Archives/edgar/data/225501/000089843210001261/xslF345X02/form-3_ex.xml

1,600,000 Series A Preferred Stock [See Note 2]

[Note] 2. Each share of Series A Preferred Stock is convertible into 1,000 shares of Common Stock.