Red Giant Entertainment, Inc. (fka REDG)

[rickn23]

If you got the mailing, then it might be on, around March 3rd.


But, it looks like their math on the votes might be off. The filing says,:

Pursuant to our Amended and Restated Bylaws (our "Bylaws") and the Nevada Revised Statutes, a vote by the holders of at least a majority of the votes allocated to the Voting Shares is required to effect the action described herein. As of the Record Date, there were 8,663,950,695 common shares issued and outstanding with one vote each, of which 386,341,600 were held by our directors. The consenting stockholders, who consisted of our directors (the "Consenting Stockholders"), are collectively the record owners of Series Z Preferred voting shares outstanding as of November 17, 2016 with 4,250,000,000 votes, which represented 51.34% of the votes allocated to the issued and outstanding common shares as of that date. After deducting the common shares held by our directors, there are 8,277,609,095 common voting shares. To pass a stockholder resolution by written consent, the Consenting Stockholders needed at least 4,138,804,548 votes (50% plus one vote), which they met with their 4,250,000,000 votes .

There are 8.277 billion common shares, not held by board members, and board members only have 4.636 billion votes. Total number of votes should equal common share votes (8,663,950,695) plus Z-share votes (4,250,000,000), total equals 12,913,950,695.

Board members have 386,341,600 common shares, their total votes are only 4,636,341,600, which is only approx. 35.9% of the total votes. They should not have enough votes to pass these actions.