Bebida Beverage Company (BBDA)

[Whiplash_Investor]

Preferred shares are not part of the O/S until they are converted to commons.

This is correct if you're talking about the OS per se. But the term fully diluted OS is what most folks are referring to when they say OS, because the fully diluted OS is what the stock trades on (what the an acquirer can buy company for / all shares). Here's what Wikipedia says on OS:
Shares outstanding:
From Wikipedia, the free encyclopedia

Shares outstanding are all the shares of a corporation or financial asset that have been authorized, issued and purchased by investors and are held by them. They have rights and represent ownership in the corporation by the person that holds the shares. They are distinguished from treasury shares, which are shares held by the corporation itself and have no exercisable rights. Shares outstanding plus treasury shares together amount to the number of issued shares.

Shares outstanding can be calculated as either basic or fully diluted. The basic count is the current number of shares. Dividend distributions and voting in the general meeting of shareholders are calculated according to this number. The fully diluted shares outstanding count, on the other hand, includes diluting securities, such as warrants, capital notes or convertibles. If the company has any diluting securities, this indicates the potential future increased number of shares outstanding.

Nobody knows what the conversion factor is for the Preferreds Brian issued to himself. Could be 10 to 1.

Don't have to guess because the conversion factors are part of the Articles of Incorporation filed in Wyoming. They can be downloaded (as amended) at their website...just run search on SOS Wyoming and do "Entity Search." Normally, preferred convert at 1:1, but you are correct, it could be higher. I doubt it in this case.

He will be increasing the A/S soon. That you can take to the bank.

If he doesn't start auditing fins, you could well be right, not because he's scamming, but because the PPS is so low. He has to double the number of shares issued to get the same funding without audits. But he has 2.4B still targeted. We'll see.