News Focus
News Focus
Followers 27
Posts 3063
Boards Moderated 0
Alias Born 05/04/2007

Re: Warmy post# 95162

Thursday, 07/18/2013 10:18:05 AM

Thursday, July 18, 2013 10:18:05 AM

Post# of 171398
There were 100M Preferred Series E shares which convert to 1.5BILLION shares. 4M of these were converted last August into 60M Common Shares and were dumped into the float.

That leaves 96M which convert to 1.44BILLION Common shares. The guesstimate of O/S is currently 904,887,086.

1,440,000,000 + 904,887,086 = 2,344,887,086 shares! Easy math.

THERE ARE NOT ENOUGH A/S to cover the conversation so GDSM will need to raise the A/S to 2.5BILLION at the very least.

The converted shares were not used to pay an Auditor or to the SEC, they were given to a poster on this board for a $50K check!





"It has yet to be proven that intelligence has any survival value"