SK3 Group Inc. (SKTO)

[stockfinder2012]

From Q1: "..the preferred will carry 60 percent of the total vote of all classes of stock voting on any matter, and will be convertible into a resulting 60 percent of the then issued and outstanding common shares, at the election of the holder. No additional shares were issued during the quarter ended March 31, 2013."

In addition, there is a one-year holding period before any of the preferred shares (not yet issued) can be converted into common.

For example, if the current O/S holds at current 363Mil a year from preferred issuance, the resulting O/S after total conversion (an unlikely scenario) would be maximum 580.8Mil shares.

Further, "no person or entity holds more than 10 percent of the equity of iEquity Corp."

skto