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Re: johnbbad post# 56675

Friday, 11/17/2017 3:24:01 PM

Friday, November 17, 2017 3:24:01 PM

Post# of 77832
Preferred stock has no voting rights but is preferred as a creditor in liquidation. Yes, if she owned a majority interest she would need to call a shareholder meeting and vote her majority interest. We know she doesn't have a majority interest though because she doubled the AS at the beginning of the year to 1.5 Billion and then issued 750 million shares to GPL Ventures, Tangiers and Raymond Purdon. As such, if she had a majority interest at one time (which I don't believe she did) her dilution diluted her percentage ownership to less than 50%.