SmartMetric Inc (SMME): Preferred Stock As of September 30...

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SmartMetric Inc (SMME)

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Re: DCorleone post# 11575

Tuesday, 11/14/2017 7:44:08 PM

Tuesday, November 14, 2017 7:44:08 PM

Preferred Stock

As of September 30, 2017, the Company has 5,000,000 shares of preferred stock, par value $0.001, authorized and 610,000 shares issued and outstanding.

So the board which comprises the CEO and ? has awarded the CEO 610,000 Series B shares
They convert at 50: 1

So that leaves 4,390,000 Series B shares... 4,390,000 x 50 = ?

Will the common shareholder get a chance to decide if and when the CEO gets issued with any more ?
Perhaps the shareholders can put in place some performance benchmarks before more series B shares are issued

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