Allstocks.com's Bulletin Board: BKMPP

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Topic: BKMPP

bond006
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This makes no sense at all.. Why would BARCLAY ROAD INC. issue approx 1.3 billion shares of their common for worthless BMKP preferred? They have a lil over 400M shares O/S as is and looking at the state of incorporation filing, it appears the A/S is unlimited. Type in BARCLAY ROAD INC http://soswy.state.wy.us/Corp_Search_Main.asp

They also appear to have a business

Nov 12 2006
Interim Financial Report
https://www.otcstockinfo.com/repository/665286/665286_FR2.pdf

Nov 1 2006 ET
Research Report
https://www.otcstockinfo.com/repository/665286/665286_FR6.pdf

Heres the math using appox numbers.. 13B share were O/S of BKMP and 10K preferred were issued for each share O/S. Thats 130,000,000,000,000 preferred issued. Now for some odd reason BCYR is going to give 1 share of their stock (restricted?) for 100K of your preferred restricted. That comes out to BCYR issuing 1.3B shares.

Question is why would they issue any share at all for worthless shares?

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