Replies to post #186675 on Stella Diagnostics Inc (SLDX)

[Kool Aid Man]

12 BILLION becomes 4.8_MILLION when the R/S hits--but...

ARTICLE IV of the recently filed JDF PROPERTIES INC says--

"The corporation shall have this authority to issue ONE BILLION shres of common stock at .0001 par value --and-- and 10 MILLION shares of preferred stock at .001 par value."

On page 10 it stipulates--

Conversion ratio: Each share of Preferred Series A stock may be converted at any time into Common Stock at a rate equal to 0.01% of all common stock currently outstanding.

So if a billion shares are outstanding, a single preferred share can be converted into 100,000 common shares. And remember, there are 10 MILLION preferred shares. I tried to calculate 10,000,000 preferred shares converted into 100,000 common and it blew up my calculator with the answer "1e+12" which means ONE TRILLION.

IMO new management will issue these new shares to themselves once they've destroyed and rid themselves of all current bagholders.