PTA Holdings, Inc (PTAH)

[BigBadWolf]

Preferred Series A
Number of shares authorized; 60,000,000
Number of shares outstanding; 34,144,300
Freely tradable outstanding, (public float) NONE
Total number of shareholders of record; 5
Preferred Series B
Number of shares authorized; 2,000,000
Number of shares outstanding; 1,000,000
Freely tradable outstanding, (public float) NONE
Total number of shareholders of record; 3

No mention of dividends which would have to be included here

2. For Preferred stock, describe any dividend, voting, conversion and liquidation rights as well as redemptive or sinking fund provisions.
Series A - The company has been authorized to issue 60,000,000 shares of series A preferred with a par value of $0.0001 per share. Voting rights are (10) times that of Class A Common, and
conversion rights at the rate of (10) shares of Class A common for
each preferred share.
Series B - The company has been authorized to issue 2,000,000 shares of Series B preferred stock with a par value of $0.0001 per share. Voting rights, 500 times Class A 3
common, and conversion rights at the rate of 100 shares of common for each preferred
Series B share. As of September had issued 1,000,000 shares.
3. Describe any other material rights of common or preferred shareholders.
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NONE 4.Describe any provision in the Issuer’s charter or by-laws that would delay, defer or prevent a change in control of the issuer.----------------------- NONE

http://www.otcmarkets.com/financialReportViewer?symbol=PTAH&id=113302

9.
Any past, pending merger, acquisition, etc.----Yes, June 2012 Kingsley Logistics Group

No pending merger or acquisition listed but the past one is.
http://www.otcmarkets.com/financialReportViewer?symbol=PTAH&id=113302 page 4

the original question is why would they @ this point convert their common holdings into Preferred(s)