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Re: paulbk post# 52511

Friday, 08/28/2015 12:17:31 PM

Friday, August 28, 2015 12:17:31 PM

Post# of 98683
Got my answer from the Co. Before a company can take any board action or action of a majority shareholder you need to show the shareholder has the majority. Therefore, the document you are referring to shows the 4 million x's 200 times or 800 million plus 100 mil restricted common and shows Steve with 900 million votes. That 900 million gives him majority to take action. The action was to increase the voting rights to 300 times so 4 mil times 300 times is now 1.2 billion plus his 100 mil restricted common. Therefore, he now has 1.3 billion votes.

I hope that helps.
Paul



Paul Sorkin
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