ARMEN the CON MAN needs to go! To see this wonderful company with
all its potential stay flat line going on a year now is simply
unexcusable! positions with much much less at least are moving.
No stock holder value nor do they care! once they used share holders, to springboard into profits..they have no urgency to uplist...
Preferred Stock
On July 3, 2014, the Company’s shareholders and board of directors authorized the creation of 51 shares of Series A Super
-
Voting Preferred Stock at par value of $0.001 per share. The series is a non
-dividend producing in
strument that ranks
superior to the Company’s common stock.
Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) 0.019607 (FUNNY OUR PRICE STAYS IN THIS RANGE OR UNDER)
multiplied by
the total
issued and outstanding Common Stock and Preferred Stock eligible to vote
at the time of the respective vote (the
“
Numerator
”),
divided by
(y) 0.49,
minus
(z) the Numerator.
With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give
consent, the holders of the outstand
ing shares of Series A Preferred Stock shall vote together with the holders of Common
Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or
the Certificate of Incorporation or By
-laws.
On
July 11, 2014, the board of directors approved the issuance of 51 shares of the Company’s Series A Preferred Stock to
a certain employee of the Company, which is equal to 50.99% of the total voting power of all issued and outstanding
voting capital of the
Company in satisfaction of $20,000 in past due debt. These issued shares of preferred stock are
outstanding as of March 31, 2017 and December 31, 2016. As of March 31, 2017 and December 31, 2016, the individual
is employed by the Company.
