This is all I need to read to know that this is a share selling sakl enrichment scheme. Next RS will be soon!
As of March 31, 2017, the 10,000,000 shares of Super voting Preferred Stock (100 votes for each share) held by SAKL combined with the 4,183,081 shares of common stock provide SAKL with voting control over any proposal requiring a vote of the shareholders. Through its ownership of the preferred voting shares and common stock it holds voting rights equal to 1,004,183,081 shares of common stock. This effectively gives SAKL a veto over any attempt to take over or change control of the Company. Such an event would include a vote by the board of directors to conduct a reverse or forward split of the common stock. The shares held by SAKL thus have a strong anti-takeover effect. The interests of SAKL may not always conform to the interests of the common stockholders, in general, and thus its voting rights may not always be exercised in the best interests of the common stockholders of the Company.
