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Post# of 171398
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Warmy

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Warmy

Re: feinanddandy post# 95156

Wednesday, 07/17/2013 10:50:36 AM

Wednesday, July 17, 2013 10:50:36 AM

Post# of 171398
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There are 100M series E shares authorized and 41M outstanding. GDSM is negotiating the return of some series E shares as well as the reduction of the conversion rate.

At the current conversion rate, the conversion of all of the outstanding series E would increase the O/S to 1.5B but not exceed the current A/S of 2Bil.

The quarterly filing is due within 45 days of end of the company's fiscal quarter. (due by 8/14/13)

The shares converted and sold were to pay the auditor and SEC attorney for Form 10 filing.

All IMHO

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