Platinum Studios (PDOS)

[thickheaded1]

Per page 7 of last 10Q dated 8/19:

The potentially dilutive securities consisted of the following as of June 30, 2011 and 2010:


June 30, 2011 June 30, 2010

Warrants
388,979,855 41,958,600
Options
14,865,000 20,985,000
Convertible Notes
333,850,421 85,526,319
Total shares 737,695,276 148,469,919

The Company presently does not have enough authorized shares to effect the conversion of the above listed potentially dilutive securities. The Company plans to increase the number of authorized shares via a proxy vote by the shareholders.


2.5 Billion shares may be excessive, but It's not unheard of. To influence the stock price they need to be sold into the market. Still intend to wait for the next Quarterly report, but IMO this could work against us longs.

Regards,

TH1

Go PDOS!!!