Looks like anyone holding commons now will be made worthless...
from your link.
(1) The numbers in this column are based on 429,000,000 shares outstanding prior to the Share Exchange and prior to the Reverse Split.
(2) The numbers in this column are based on 5,407,510,836 shares of voting securities, including 735,428,571 shares of common stock outstanding immediately following the Share Exchange and the 467,074.60209421 shares of Series M Preferred Shares on an as-converted basis.
(3) Well Asia Group Limited is owned by Yinling Lai. On March 24, 2010, Yinling Lai entered into a call option agreement (the “Call Option Agreement”) with Xiaoling Ye pursuant to which Yinling Lai will transfer shares of Well Asia Group Limited to Ms. Ye in three years under certain conditions.
(4) In connection with the Share Exchange, Well Asia will be issued 452,521.320 shares of Series M Preferred Stock that will convert into 4,525,213,320 shares of Common Stock (subject to the terms of the Reverse Split) at such time when the Reverse Split is declared effective.
(5) Mr. Donenfeld’s resignation from our Board shall become effective on the Effective Date.
(6) Tom Simeo has share voting and dispositive power over the securities held by Viking Investments Group, LLC.
(7) As discussed in footnote (3) above, pursuant to an incentive option agreement, Ms. Xiaoling Ye, our Chairman, will have an option, subject to certain vesting periods, to purchase from Mr. Yin Ling Lai, the current sole shareholder of Well Asia Group Limited, up to 100% of equity of Well Asia Group Limited, which, upon exercise, would entitle Ms. Ye to beneficially own and control 4,486,888,878 shares of our common stock after giving effect to the conversion of the shares of Series M Preferred Stock but prior to the effectiveness of the Reverse Split.
