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Sunday, October 21, 2012 11:51:39 AM
Here's how Matt can do it:
Matt issued himself 620,750 shares of Preferred AA in exchange for $1,000,000 of his well earned accrued salary.
He controls over 34 million common shares that are waiting for his disposal.
If he gives himself just one of those shares...or let's say he goes so far as to buy just one share.....
Then Matt can now convert his 620,700 shares of AA Preferred into..........
6,207,000,000 shares of common stock.
That's right folks, 6 Billion 207 million shares of common stock at his disposal if he so chooses to exercise his options.
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