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Monday, November 17, 2014 2:21:52 PM
The officers and Founder of the Company have first dibs on just about everything with the Company - namely through 80,000 Preferred AA shares which have voting rights equivalent to 800 million shares (10,000 votes per AA share). Basically with this much voting power, they make the rules in the event the company can no longer stay in business.
They also have 186,000 BB Preferred shares which have liquidation preference over common shares (50 shares for every one of common - or 9.3 million shares). Creditors (which by the way includes some of the officers and founder) would be next to last in line - hoping to sue for whatever remains.
Currently, the only "value" for the average Joe common shareholder, is at par value share price ($0.0025), assuming you can find anyone to liquidate your shares with in the event the company went dark (or grey).
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