Replies to post #24524 on Hollund Industrial Marine Inc. (HIMR)

[ssallen]

You just took word of mouth from some guy on the internet you do not know and who provided nothing but unprovable speculation. I am not sure you should be investing...

[integracer02]

Np MrMarket. Himr doesn't seem too concerned about it right now but keeps making statements such as, a plan that is seldom seen in the otc and the structure could be lower than anyone could have expected in a quarter. I have heard these stamens made through phone calls, emails, and even in pr's. so I believe they have a major plan in place for reducing the share structure imo. They had no problem reducing from 8.9 bill os to 4.1 os last year so I believe them for now. Jmot

[PLUTUS]

1,391,464,000,000 dilution shares waiting to be cashed in.


Quote:
--------------------------------------------------------------------------------
Preferred C Stock
Par or Stated Value: $0.001
Total shares authorized: 10,000,000 as of: March 31, 2013
Total shares outstanding: 695,732 as of: March 31, 2013

Page 6 annual report...

Each share of Series C Preferred Stock shall be
convertible, at any time, and/or from time to time, into the number of shares of the
Corporations common stock, par value $0.000001 per share (the "Common Stock") equal
to the price of the Series C Preferred Stock as stated in the Bylaws, divided by the par
value of the Common Stock, subject to adjustment as may be determined by the Board of
Directors from time to time (the "Conversion Rate"). For example, assuming a $2 price
per share of Series C Preferred Stock, and a par value of $0.000001 per share for
Common Stock, each share of Series C Preferred Stock would be convertible into
2,000,000 shares of Common Stock.