$$Bullshit $$Link $$Provided $$ALL $$can $$read $$in $$Entirety so again NOT a DAMN thing missing, funny though about this
An immediate purpose for increasing the authorized shares is to provide enough shares required to satisfy certain obligations in our convertible debt and equity instruments.If the Company were required to settle its outstanding warrants and convertible debt as of September 30, 2014, we would be required to issue 934,021,481 common shares for the settlement of warrants and 12,190,347,336 for the settlement of outstanding convertible debt. The Company determined that the settlement of these outstanding financial instruments would exceed our authorized shares of 10,000,000,000 at September 30, 2014 by 6,842,122,097 shares.
$$Not a $$Damn $$thing $$Misleading $$Link $$Was $$posted $$post $$is $$Factual & $$Verifiable I just deal in FACTS not $$hope $$hype or $$SVFC's Failed $$Dreams, so again $$SVFC $$Bullshit
Clearly the 250 billion proposed share structure increase with a proportional preferred share structure increase is meant to give the new financiers ultimate control.
so as to $$Aid in $$Comprehension $$Series $$Fpreferreds $$are $$Adjustable & $$guanrantee $$that $$Victor & $$Bod $$Never $$lose $$control, $$Especially $$to $$Any $$new $$Financiers. It is why this class of preferred was created, specifically for said. $$FACT
An immediate purpose for increasing the authorized shares is to provide enough shares required to satisfy certain obligations in our convertible debt and equity instruments.If the Company were required to settle its outstanding warrants and convertible debt as of September 30, 2014, we would be required to issue 934,021,481 common shares for the settlement of warrants and 12,190,347,336 for the settlement of outstanding convertible debt. The Company determined that the settlement of these outstanding financial instruments would exceed our authorized shares of 10,000,000,000 at September 30, 2014 by 6,842,122,097 shares.
The Series F Preferred Stock of which was created by unanimous written consent of the Board of Directors of the Company (the “ Board ”) as permitted by the Company’s Articles of Incorporation, as amended and which may be amended from time to time (“ Amended Articles ”) and each share of Series F Preferred Stock has the equivalent of 164,168,809 votes of Common Stock (based upon the 7,894,037,082 outstanding shares of Common Stock issued as of December 19, 2014). Currently, there are five (5) holders of Series F Preferred Stock (the “ Series F Stockholders ” or the “ Majority Stockholders ”), holding fifty-one (51) shares of Series F Preferred Stock, resulting in the Series F Stockholders holding, in the aggregate, approximately 51% of the total voting power of all issued and outstanding voting capital of the Company. Accordingly, your consent is not required and is not being solicited in connection with the approval of the Authorized Share Increase.
On the Record Date, the Company also received written consent from the sole holder of Series B Preferred Stock (the “ Series B Preferred Stock ”) to approve the Authorized Share Increase. The holder of Series B Preferred Stock has voting rights equivalent to 150,580,000 shares of Common Stock (based upon the conversion set forth in the Series B Preferred Stock Certificate of Designation).
$$Two $$Hundred $$Fifty $$Billion $$Shares is $$Correct the rest just $$Hope $$Hype for $$SVFC's $$Failed $$Dreams http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10376191 btw the Preferred Classes of Shares are NOT affected by any Reverse Split $$FACT
Long Profits....the only Real Truth Seek the FACTS available to ALL as Denial of said Produces Losses
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