Dusty gets your facts straight!!
Your information is based on the pre-merger... here is what it is post-merger:
(1) Applicable percentage ownership is based on 3,198,187,425 shares which will be outstanding assuming the successful completion of the Merger Transaction.
(2) Each of the SoOum shareholders above will receive series B preferred shares in the merger, each of which will grant them 1,000 votes per share. It is anticipated that at some point these shares will be converted to common shares after the merger and after a reverse stock split which will align the capital structure of the Company. Thus immediately following the merger the SoOum shareholders will own no shares of common stock, but they will own series B preferred shares that will give them ownership and combined voting rights equal to 80% of all the shares outstanding.
(3) Mr. Westbrook will receive 5,449,711 shares of series B preferred stock which will grant him 5,449,711,372 votes. This will equate to approximately 34.07% of the outstanding voting rights.
(4) Mr. R. Vega will receive 2,715,900 shares of series B preferred stock which will grant him 2,715,900,761 votes. This will equate to approximately 16.98% of the outstanding voting rights.
(5) Mr. L. Vega will receive 2,715,900 shares of series B preferred stock which will grant him 2,715,900,761 votes. This will equate to approximately 16.98% of the outstanding voting rights.
As you can see, nowhere in this does it show Mr. Ortiz's name on here... MR. ORTIZ IS OUT!!
