Greene Concepts Inc (INKW)

[tarkless]

Hi, actually he has convertible preferred shares that can be converted into 1 billion common shares. Plus of course the common shares he already owns. It has nothing to do with protecting the company from takeover though, he could do that without his preferred shares being convertible...ie with non-convertible preferred shares. The only reason for him to have them convertible is because he wants them to be.

The company has 3 billion Authorized Shares though, so they can issue new shares up to that amount whenever they want to.