Replies to post #107701 on Enzyme Environmental Solutions Inc (EESO)

[Risicare]

Got some math for you to do here and remember a company has to increase the A/S to allow for conversion of preferred shares.

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"If at the end of 2008 there were still 1 million preferreds issued and outstanding with $4.3 million in preferred stockholders equity, that makes each preferred worth $4.33 at the time.

Dec 31st the average stock price for the preceeding 10 days was about .0007 making each preferred share worth 26,784 common shares at the time."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36646882
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Now what would the Outstanding shares be with the converted Preferred shares. Either they have filed false and misleading info with pinksheets or this is very ugly.........

26 784 X 1, 000, 000 + present outstanding of ~ 1.6 billion = WOW thats a pretty darn big number, isn't it?


BTW, another big red flag for pinkies is a complicated share structure, as multiple classes of stock.