Replies to post #2639 on KinerjaPay Corp (fka KPAY)

[DD]

Some KPAY historicals:

https://www.kinerjapay.co/

[236T568]

You need to review the 2 types of Convertible preferred stock that were issued to the KPAY CEO, that convert into 25% of KPAY, no matter how many shares are outstanding?

so if KPAY issued so many common shares such that there are 15 billion common shares outstanding, the CEO's preferred stock would be convertible into another 5 billion common shares...no kidding!

Now, quick questions, what kind of investor would invest $200 million into preferred stock that is convertible at $1.80/share if the CEO gets to convert his preferred into a multiple of shares than the investor?

They need to address the convertible notes. I cannot imagine a stock buy back without paying off the convertible debt