AI
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Wednesday, April 15, 2015 5:29:52 PM
how about full disclosure of how much convertible preferred they still own and if by "years" you mean as recently as 2012 then I guess technically that is years
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(Note 1): Series C preferred stock: The Preferred C stock has a stated value of $.001 and no stated dividend rate and is non-participatory. The
Series C has liquidation preference over common stock. Effective May 20, 2009 i) Voting Rights for each share of Series C Preferred Stock shall
have 21,200 votes on the election of directors of the Company and for all other purposes, and, ii) regarding Conversion to Common Shares, Series
C have no right to convert to common or any other series of authorized shares of the Company. We have only used a nominal par value for our
listed valuation which is subject to further adjustment. As example only: During the year ended December 31, 2011, 72,856 shares of Series C
preferred stock were issued for services rendered. The preferred stock was valued at $75,000 based on an estimate of fair market value on the date
of grant. The holders of Series C preferred stock represent a controlling voting interest in the Company. As a result, a determination of the control
premium was determined to estimate the value of the shares. The control premium is based on publicly traded companies or comparable entities
which have been recently acquired in arm’s length transactions.
(i) Issuances are approved, subject to such persons being entirely responsible for their own personal, Federal, State, and or relevant single or multi
jurisdictional income taxes, as applicable. Unless otherwise indicated, each person named in the table above has the sole voting and investment
power with respect to his shares of our common and or preferred stock beneficially owned.
(ii) All of the financing proceeds (see also Note 1) in the immediately preceding table was used as listed in the table above primarily in
consideration of bonus for services rendered and or in exchange for accrued services rendered to the Company and/or one or more of its
subsidiaries, and incentive.
.png)
(Note 1): Series C preferred stock: The Preferred C stock has a stated value of $.001 and no stated dividend rate and is non-participatory. The
Series C has liquidation preference over common stock. Effective May 20, 2009 i) Voting Rights for each share of Series C Preferred Stock shall
have 21,200 votes on the election of directors of the Company and for all other purposes, and, ii) regarding Conversion to Common Shares, Series
C have no right to convert to common or any other series of authorized shares of the Company. We have only used a nominal par value for our
listed valuation which is subject to further adjustment. As example only: During the year ended December 31, 2011, 72,856 shares of Series C
preferred stock were issued for services rendered. The preferred stock was valued at $75,000 based on an estimate of fair market value on the date
of grant. The holders of Series C preferred stock represent a controlling voting interest in the Company. As a result, a determination of the control
premium was determined to estimate the value of the shares. The control premium is based on publicly traded companies or comparable entities
which have been recently acquired in arm’s length transactions.
(i) Issuances are approved, subject to such persons being entirely responsible for their own personal, Federal, State, and or relevant single or multi
jurisdictional income taxes, as applicable. Unless otherwise indicated, each person named in the table above has the sole voting and investment
power with respect to his shares of our common and or preferred stock beneficially owned.
(ii) All of the financing proceeds (see also Note 1) in the immediately preceding table was used as listed in the table above primarily in
consideration of bonus for services rendered and or in exchange for accrued services rendered to the Company and/or one or more of its
subsidiaries, and incentive.
Ole Broke Azz
Buy Bottoms
Stage Buys
Trust No One, me included
Don't ask if I'm selling. If I'm in, I'm always selling & I'm always buying
