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nupapa

06/20/12 1:32 PM

#3364 RE: kkpennies #3363

Surprised nobody noticed it. If trading was slow until yesterday, I would assume that was the reason. Now what was filed, I have no confirmation of anything.

NP

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nupapa

06/20/12 1:46 PM

#3365 RE: kkpennies #3363

The more I think about this the more curious it becomes to me. The 8K says nothing about Series D. Seems to me it's a new issue for raising funds, perhaps to another investor:

Capital.
The authorized capital stock of BPAC consists of 50,000,000 shares of Common Stock, $0.001 par value, of which 42,161,104 shares of Common Stock are issued and outstanding, and 10,000,000 shares of Preferred Stock, par value $0.001, of which 2,330,000 are issued and outstanding (620,000 shares of Series A Convertible Preferred Stock, 1,000,000 shares of Series B Convertible Preferred Stock, and 710,000 shares of Series C Preferred Stock) All outstanding shares are fully paid and non-assessable, free of liens, encumbrances, options, restrictions and legal or equitable rights of others not a party to this Agreement. At the Closing, other than as listed on Schedule 2.02, there will be no outstanding subscriptions, options, rights, warrants, convertible securities, or other agreements or commitments obligating BPAC to issue or to transfer from treasury any additional shares of its capital stock. None of the outstanding shares of BPAC are subject to any stock restriction agreements. There are 1,413 shareholders of record of BPAC and numerous shareholders that hold shares in a brokerage account (street name). All of such shareholders have valid title to such shares and acquired their shares in a lawful transaction and in accordance with Nevada corporate law and the applicable securities laws of the United States.