Completely Fraudulent!
The Lorios had no right to vote shares that had not been issued. Their shares were subject to the authorization.
(2) Includes 525,000,000 shares to be issued pursuant to a Stock Purchase Agreement and subject to the Company increasing it’s number of authorized shares. When issued the shares will contain a restrictive legend, they have not been registered, but have piggy-back registration rights should the company file a registration statement on Form S-1.
Shareholders should bring a class action suit and complaints to the SEC
Oh... and BTW..... when did 31% of anything constitute a "majority"....Vic Segal is a thief....they have elected to ignore the company by-laws,,,this is a complete usurping of shareholder rights
You may care about a stock , but guaranteed the stock does not, will not or ever will care about you!
