Flexpower Inc. (FLXP)

[JNOsOTC]

That happened on May 28th and was in the filings on June 10th in the supplemental info document and the companies disclosure statement. Thanks for the update though.

On May 28, 2014, the Company filed Articles of Amendment to Articles of Incorporation with Secretary of State of Nevada to increase the authorized number of shares of Class B Preferred Stock, $.001 par value, of the corporation from 10,000 shares to 5,000,000 shares, which are out of the 200,000,000 shares of capital stock. As a result, the authorized number of common stock, $.001 par value, became 195,000,000 shares.

Item IV: The exact title and class of securities outstanding (Cont.)
Security Symbol: CUSIP Number: Classes: Authorized: Outstanding:
N/A
N/A
Convertible Class B Preferred Stock 5,000,000
1,000,000

(1) The holders of the Convertible Class B Preferred Stock shall be entitled to receive, prior to the holders of Common Stock and prior and in preference to any distribution of the assets or surplus funds of the Company to the holders of any other shares of stock of the Company by reason of their ownership of such stock, an amount equal to $1.00 per share with respect to each share of Convertible Class B Preferred Stock.


(4) Limitation. No holder of shares of the Convertible Class B Preferred Stock shall be allowed to vote and convert into any position that would result in the Convertible Class B Preferred Stock Holder to hold more than nine and nine tenths percent (9.9%) of the Company’s outstanding shares of Common Stock.