Replies to post #3041 on Green Bridge Industries Inc (GRBG)

[Oldteck]

Not Me insanecurrencytrader, that would be insane!

Oldteck

[just_an_ant]

Per GRBG filing

Before acquisition and the recent equity line of credit as well as recent increase in common stock A/S

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http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=22421

Par or Stated Value. Provide the par or stated value for each class of outstanding securities.

We are authorized to issue 500,000,000 shares of common stock, at $0.001 par value, and 10,000,000 shares of preferred stock, at $0.001 par value.

For preferred stock, describe the dividend, voting, conversion and liquidation rights as well as redemption or sinking fund provisions. The Company is not currently offering any preferred stock. However, the Company has created and issued 10,000 shares of a Series A Preferred Stock. The shares are converted into Common shares at 1:10,000. Voting rights are based on the number of Common shares the Preferred Convertible will represent after conversion.

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So every 10,000 preferred issued is convertible to 100,000,000 common shares. 1 preferred share into 10,000 common.

So 1,000 (10,000 lots of preferred potential per structure) would equate to a whole crap load of commons diluted. Potentially 100 billion? 1,000 x 100 milion? So how many preferred were granted in the equity line of credit?