The company is creating a preferred series A that will have control of the company. The series A will be 1,000,000 shares that each will have 100 votes. There are only 56 million common shares, so the 'super' preferred A, once issued, will have total control of the company.
I do not view this as a good sign for the common shares, plus it has been over a year since any 10Q or 10K reports were filed so there is no telling what the company look like or what is going on.
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