Replies to post #23712 on Central Wireless Inc (CWIR)

[harvard_88]

CWIR: in answer to your question on FNB PHARMA & CWIR from management:

"The aggregate number of shares which the corporation shall have
authority to issue is eight hundred million (800,000,000) shares, consisting of three classes..."Series A Common Stock", "Series B Common Stock, and "Series A Preferred Stock"

The problem that I see hear is that no one really knows that total number of 'common's shares that each Series B and Each Series A converts into.

It's just like CWIR misconceptions. There are 5 BILLION SHARES (according to management....but FINRA STILL HASN'T CONFIRMED THAT THERE AREN'T REALLY 20 BILLION SHARES OUTSTANDING as was previously posted on otcmarkets.com

PLUS...IF THERE ARE 5 BILLION COMMOM...a huge amount of shares (whenever FINRA decides) THEN WE HAVE TO CONTEND WITH THE PREFERRED THAT MIGHT BE SOLD INTO OUR FACES AT ANY POINT AND TIME...another 3 billion shares

SO, THE IMPORTANT THING WITH THE FNB PHARMA...IS HOW MANY 'COMMON SHARES' THOSE 'PREFERRED' SHARES REALLY CONVERT INTO. THAT COULD BE A KILLER!

IMHO...but we haven't heard anything from management on the subject.