amazing what a simple paragraph clearly indicates re VOTING is now turned into a situation where the bros are owning 180 billion preferred shares.never mind that only 50,000,000 preferreds are authorized to begin with and only about 21,557 are outstanding at this time.imo
"Preferred stock, 50,000,000 shares authorized at par value of $0.0001, 21,557 (December 31, 2016 – 21,655) shares issued and outstanding (Note 4) "
KEY WORDS "CAST VOTES"
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,
KEY WORDS BELOW" VOTING POWER"
KEY WORDS "INFLUENCE AND CONTROL"
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
