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Re: BeauBeau post# 77868

Wednesday, 10/08/2014 12:12:28 PM

Wednesday, October 08, 2014 12:12:28 PM

Post# of 234283
VOIS is a Nevada Corporation. There is a reason why scammers and pump and dumps prefer Nevada corporations - insiders can pretty much do whatever they want, whenever they want, without shareholder approval. Usually this takes the form of issuing themselves supervoting (sometimes convertible, sometimes not) preferred shares. When a company is a massive diluter, these supervoting shares allow them to maintain firm voting control and continue to milk the company for everything they can.

At least he paid $5,000. I know of several Nevada companies that issued insiders even more stock for zero money.

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