Wowio Inc. (WWIO)

[leverage102]

Looks like the AIM of these New Shares is for the CEO to Maintain Control of the Board of Directors, Vote, etc. * Could be a smart move. imo.

As of May 12, 2015, in connection with the issuance of the Preferred Shares described in Item 3.02 above, Brian Altounian, the largest shareholder of the Company, held a controlling beneficial interest in the Company and as a result may unilaterally determine the election of the Board and other substantive matters requiring approval of the Company’s stockholders.