Metapower International Inc. (MTPR)

[lbdave]

They cant even afford to make payroll according to the financials and are getting close to maxing out the AS. I guess they could always issue more preferred. What is the conversion ratio on those?

They have actually reduced the issued and outstanding, so why would they increase the A/S or issue preferreds? Once again there is no conversion rate since there are no preferreds issued.

2. Series A Preferred Stock
CUSIP: NA
Trading Symbol: NA
Par Value: $.00001
Total shares authorized: 15, 000 as of 123112
Total shares outstanding: -0- as of 123112

3. Series B Preferred Stock
CUSIP: NA
Par Value: $.00001
Total shares authorized: 300,000 as of 123112
Total shares outstanding: -0- as of 123112