Replies to post #5322 on Hong Yuan Holding Group (HGYN)

[-startrader-]

Thanks jz

[Pennyprof]

You're missing a very simple concept here. "or"

The Series A Preferred Stock may be converted into share of common stock of the Company at the option of the Company (subject to the satisfaction of certain Equity Conditions set forth in the Certificate of Designation, or if the closing price of the common stock exceeds 200% of the conversion price of $0.25 for any 20 consecutive trading days) or the holder.

The company has to meet certain conditions, but the holder has different criteria. Very easy to understand, no?

The Magna Notes are convertible at the option of the holder at a conversion price equal to 75% of the average of the three lowest volume weighted average prices during the ten consecutive trading day period immediately prior to the date of conversion.

[jzgeorge]

We need somebody with more experience than me to give a definitive explanation but the company has been giving Series A stock to some of the these lenders which can be converted to common.

What I really want to know is the float.