Replies to post #75804 on Trans-Pacific Aerospace Company Inc. (fka TPAC)

[brucedale]

That's just not true. Read the filings. 20,000 Series A preferred are authorized at a conversion rate of 1 preferred to 1 million common. There are less than 4,000 issued. The remaining 4,980,000 preferred have been on the books since 2008. They have no specific terms. So your trillion calculations are off. Depending on how the board determines to define the remainder, if they ever do, the calculation you made could be way too high or way too low. At this point it doesn't matter. Virtually all companies, whether OTC or Big Board have these types of "blank check" preferred shares authorized. They are almost always authorized when a company is formed. It's very common and not a big deal.

[towerclimber92]

5 trillion shares? how is that even possible when the A/S is 4.5 billion? Also, I've never seen a stock with an A/S / O/S that high.