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feinanddandy

07/18/13 10:18 AM

#95191 RE: Warmy #95162

There were 100M Preferred Series E shares which convert to 1.5BILLION shares. 4M of these were converted last August into 60M Common Shares and were dumped into the float.

That leaves 96M which convert to 1.44BILLION Common shares. The guesstimate of O/S is currently 904,887,086.

1,440,000,000 + 904,887,086 = 2,344,887,086 shares! Easy math.

THERE ARE NOT ENOUGH A/S to cover the conversation so GDSM will need to raise the A/S to 2.5BILLION at the very least.

The converted shares were not used to pay an Auditor or to the SEC, they were given to a poster on this board for a $50K check!