Here's some more for ya. PT, the consultant, runs NETCO by having an alleged "convertible note" that he uses as a stock printing mill. You will note that the date is today. This is because the word file automatically fills in the date to be the date of the machine.
For those not aware, this is what a conversion document looks like. It's Paul Taylor's share printing press. Don't think it's not happening on CCDX, that's why there was an announcement that insiders cashed their shares in for some preferred notes and why there was $1.5MM in financing from the Paul Taylor selfmade Morgan Guaranty Co., LLC.
SCHEDULE A
NOTICE OF CONVERSION
(To be executed by the Registered Holder)
The undersigned hereby irrevocably elects to convert $10,000 (Ten thousand) of the Convertible Debenture Note – into 416,667 shares of common stock, par value $0.0001 per share ("TTNJ - Common Stock"), of Telatinos Inc., a Texas corporation (the "TTNJ") according to the conditions of the conversion rights of the Convertible Debenture Note – May 15th 2003.
If securities are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.
The Issuer shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer").
Name of DTC Prime Broker: N/A
Account Number: N/A
In lieu of receiving shares of Common Stock issuable pursuant to this Notice of Conversion by way of a DWAC Transfer, the undersigned hereby requests that the Issuer issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder's calculations hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment hereto:
Paul Taylor 416,667
16421 Via Venetia East
Delray Beach Fla
33484
Netco Ltd 416,667
Deliver to RED SEA
The undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable to the undersigned upon conversion of the Preferred Stock shall be made
pursuant to Rule 144 of the securities under the Securities Act of 1933, as amended (the "Act"), or pursuant to an exemption from registration under the Act.
The Issuer shall issue and deliver shares of Common Stock to an overnight courier not later than three business days following receipt of this Conversion notice.
Date of Issue May 15th 2003
Date of Conversion: June 10, 2006
Principle to be Converted Pursuant to
This Conversion – $10,000 (Ten Thousand).
Principle remaining – $572,000 + Accrued Interest
Number of Shares of Common Stock to be issued pursuant to
Conversion – 883,334
Formula = $10,000/ 0.012 = 833,334
Signature: ___________________________________
Rodrigo Calderon
President
Telatinos Inc
June 10, 2006
HOLDER ______________________
Paul Taylor
10 June 2006
