Replies to post #26288 on ProTek Capital Inc (PRPM)

[MetalMann]

Doing some digging, this might help.

PRPM — Quarterly Report
Q1 Financial Notes
Published: Jun 07, 2013
Period End: Apr 30, 2013

During the year ended January 31, 2011, Propalms, Inc. changed its name to PROTEK
Capital, Inc.The company filed Articles of Amendment with the State of Nevada to increase its authorized common stock from 2,000,000,000 to 4,000,000,000 shares of Common Stock on April 18, 2011.

The Company's accumulated deficit was $ 7,623,098 as of
April 30, 2013. If the Company is unable to generate profits and is
unable to continue to obtain financing for Its working capital requirements, it may have
to curtail its business sharply or cease business altogether.

Convertible Series C Preferred Stock
The Company has 1,000,000 authorized convertible series C preferred shares.
Each preferred share is convertible into 1,000 common restricted shares.
As of April 30, 2013, 810,000 preferred series c convertible shares were outstanding.
The Company has 1,000,000 authorized series c preferred shares. As of January 31, 2013 100,000 shares were outstanding.
The Company has authorized Ten Thousand (10,000) Authorized shares of Preferred
Series B stock has been authorized.
As of April 30, 2013, 10,000 Series B preferred shares have been issued.
Common stock
During the three month period ended April 30, 2011, the Company increased the
Authorized share capital to 4,000,000,000 shares.
Note 1. Loans Payable
-
Officer As of April 30, 2013, the Company had payables of $37,303 to officers of the
Company for loans raised for working capital. These loans are non-interest
bearing, unsecured and due on demand.

Outstanding, April 30, 2013 4,000,000 $0.07