Wednesday, October 03, 2012 5:50:01 PM
Per 2011 annual report, BM owns 34,068,039 pfd shares with a conversion rate of 60 common shares to 1 share of pfd which equates to 2,044,082,340 common shares.
Total pfd shares of 50 million converts to 3 billion common shares.
There is only 1 billion shares Authorized.
Not even legal counsel pick up this information.
IMO, Pfd shares should have had a r/s of 1500 to 1.
Therefore, audited f/s are needed to see where Ifinix stands.
Have a Great Day.
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