SoOum Corp. (fka SOUM)

[21ZNA9]

Conman Clark Ortiz STILL has 25 MILLION Preferred SHARES.


Preferred Stock

The Company is authorized to issue up to 50,000,000 shares of preferred stock, $0.0001 par value (“Preferred Stock”), which is convertible to common at 10 to 1. The Board of Directors authorized to fix the designations, rights, preferences, powers and limitations of each series of Preferred Stock. The Company’s prior CEO, Clark Ortiz currently holds 25,000,000 shares of the Company’s preferred stock.

On September 26, 2014 the Board of Directors authorized an amendment to the articles of incorporation to authorize 10,000,000 shares each preferred stock class B and class C. These shares have a $.0001 par value, have voting rights of 1,000 to 1 and are convertible to common at 1,000 to 1.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10627671