Replies to post #2914 on KinerjaPay Corp (fka KPAY)

[236T568]

huh?

what do you mean "who knows the conversion"?

the conversion of the preferred shares is clearly stated in the SEC filings

just with two of those preferred shares that were issued to the CEO, they are convertible into 25% of the the total common shares outstanding, no matter how many are outstanding

so if there are 1.5 billion common shares outstanding he can convert his preferred into 500 million common shares, as an example

There are preferred issued and outstanding and who knows the conversion.