Replies to post #44085 on Prom Resources Inc (PRMO)

[DC168]

Management/principal owns 350,000 preferred shares, which is convertible to common shares. The lower the pps, the more it can be converted. I am not an accountant, I don't know how it works. However, the PRMO financial report clearly says they are convertible. Can be in billions of common shares at 0.0001 pps.