Praxsyn Corp (PXYN)

[Sooah]

No, the PREFERRED shares are NOT in the outstanding shares and will not be in the float and will not effect the ability of the PPS to move at all... This shows a total lack of understanding by the author of share structure...

Actually, the OP is correct in his/her observation. These are convertible preferred shares hence you have PAWS's A/S at over 1 billion to reserve the shares needed for future conversion from preferreds to commons, make no mistake about it. Secondly, depending on whether MESA will be able to realize the rather "curious" 25 million in 2014--which btw is a 150% increase from 2013 #ahem--the conversion rate for preferred>commons can also change in favor of MESA shareholders.

Also, has anyone seen MESA's audited financials to see what kind of legacy debt it brings into this shell PAWS? How will the debt be handled and what portion of the debt within MESA's financials are also convertibles?

So, this is a reverse merger then? Sure would love to see FINRA's comments on the curious "revenue" projections for 2014.