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MichaelKane

12/06/17 11:35 AM

#48529 RE: 29YEARINVESTOR #48527

"change the authorized Common stock to 500 million shares."
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Werbe

12/06/17 12:14 PM

#48546 RE: 29YEARINVESTOR #48527

AS is not changed by RS, just OS.
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Sheepdog

12/06/17 7:34 PM

#48594 RE: 29YEARINVESTOR #48527

Total BS.

The preferreds convert at 1,000 for 1. That is 75 Billion shares. There are only 4.925 Billion in the A/S with only 300M unissued, not enough to convert. The way to do that is to reduce the O/S and convertibles by 1,000 but the A/S by 10.

This is Wayne's favorite trick. He gets an effective 10,000% increase in the A/S while pretending he decreased it. Now plenty of room to convert 75M shares.

Not to worry...he will increase the A/S back later.

Total scammers here...Wayne and his friends.