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Re: Flyguy post# 250677

Friday, 04/13/2012 12:55:32 AM

Friday, April 13, 2012 12:55:32 AM

Post# of 375420

Each Series A Preferred Share shall automatically be converted
into the number of shares of common stock of the corporation
equal to the result of: (i) the number of shares of common stock of
the corporation (the “Common Shares”) issued and outstanding at
the time of such conversion multiplied by 6; divided by (ii) the
total number of Series A Preferred Shares issued and outstanding
at the time of such vote (the “Conversion Ratio”) at any time at the
option of the holders of a majority of the issued and outstanding
Series A Preferred Shares. [Conversion Ratio Formula: # of
Common Shares issued and outstanding x 6 ÷ # of Series A
Preferred Shares issued and outstanding = Conversion Ratio per
each Series A Preferred Share (i.e., 1,710,000,000 x 6 ÷ 995,930 =
10,302 Conversion Ratio per each Series A Preferred Share)].



Please tell me how it's not 6x the common shares.