Connexus Corporation (CNXS)

[Gaintrader]

Big whoop! They in turn created and issued $9M cash value in series B and C preferred shares, that BRZG is also on the hook to pay an 8% annual interest on...to themselves, and for what, an "idea" to raise cattle... and nothing else??? That's not to mention these shares control 95% of the shareholder vote at all times...

from page 16 of the 10K;

"Expenses associated with acquisition of Conexus Cattle were $8,926,663 greater due to the issuance of the Series B Preferred Stock and Series C Preferred Stock associated with the Merger of Conexus Cattle."

Under "Risks related to our company" Page 12 of the 10K;

"Our Articles of Incorporation authorize our board to create new series of preferred stock without further approval by our stockholders, which could adversely affect the rights of the holders of our common stock."