Replies to post #42517 on XTRA Bitcoin Inc (CBTC)

[surfkast]

No. They can file and increase the A/S at any time.
Plus:

Therefore, Section 2 Conversion of Shares, Section 2.2 is hereby amended in its entirety to read: 2.2 XTRA Bitcoin Inc (TCEL) common stock. XTRA Bitcoin Inc (TCEL) as the Surviving Corporation will issue a total of 100,156,560 (2,503,914 times 40) freely trading common shares (valued at $0.00025 at time of merger) to the minority old XTRA equity shareholders, and 276,050 (6,901,253 times 40/1000) shares of restricted Series E Preferred stock to various old XTRA equity holders controlled by Surviving Entity director/president Paul Knudson, and 193,236 (4,830,888 times 40/1000) shares of restricted Series E Preferred stock to old XTRA equity holder controlled by Surviving Entity officer Mary A Veatch.

Upon the exchange of certificates, the Issued and Outstanding common shares of XTRA Bitcoin Inc (TCEL) shall increase by 100,156,560 from 1,948,318,345 to 2,048,474,905.


https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=253046208226148065126053223217212205145167147149


The Series E preferred stock, are convertible, at any time, into the number of shares of common stock by
multiplying each share of the Series E preferred stock by one thousand (1,000). Shares of Series E preferred stock
are anti-dilutive to reverse splits. The Series E preferred stock has voting rights equal to one vote per share.
The holders of Series E shall be entitled to receive dividends when, as and if declared by the Board of Directors, in
its sole discretion.


https://backend.otcmarkets.com/otcapi/company/financial-report/75429/content


The 469,286 Series E can convert into almost 470 million insider shares.