iam merely posting ALL THIS EXTRANEOUS INFORMATION SO READERS MAYBE NOT ALL THAT FAMILIAR WITH FILINGS CAN MAKE A DETERMINATION BASED ON MY INFORMATION.FACTUALLY THERE CAN BE NO LAWFUL WAY THE BROS CAN TURN THEIR APPROXIMATELY 18,500 SHARES INTO 180 BILLION PREFERRED SHARE OWNERSHIP.IMO
" PLUS 180 BILLION prefferred shares own by the crooked brothers!"
READ BELOW THIS IS STRICTLY REFERRING TO VOTING RIGHTS AND WHO CONTROLS AND INFLUENCES POLICY
The holders of preferred stock are entitled to cast votes equal to the number of votes equal to the number of whole shares of common stock into which the shares of Series A Preferred Stock held by such holder are convertible. The total aggregate issued shares of Series A Preferred Stock at any given time regardless of their number shall be convertible into the number of shares of common stock which equals nine (9) times the total number of shares of common stock which are issued and outstanding at the time of any conversion, at the option of the preferred holders or until the closing of a Qualified Financing (i.e. the sale and issuance of our equity securities that results in gross proceeds in excess of $2,500,000) at one time or in the same round. As a result of the Titan Iron Ore Corp. and iHookup merger transaction, the former iHookup stockholders received a controlling interest in the Company due to the voting rights of the Series A Preferred Stock being connected to their super-majority conversion rights. As a result of Messrs. Dean and Robert Rositano’s ownership interests and voting power described above, Messrs. Dean and Robert Rositano currently are in a position to influence and control, subject to our organizational documents and Nevada law, the composition of our Board of Directors and the outcome of corporate actions requiring stockholder approval, such as mergers, business combinations and dispositions of assets, among other corporate transactions. In addition, this concentration of voting power could discourage others from initiating a potential merger, takeover or other change of control transaction that may otherwise be beneficial to the Company, which could adversely affect the market price of our securities
