Viratech Corp. (VIRA)

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can you all not read?!
"We also have 5 million shares of preferred stock authorized, 1,000,450 shares of which are issued and outstanding. Each preferred share holds conversion rights and voting rights of 100,000 to one. Our Chairman holds 1 million of those preferred shares and has issued his proxy in favor of the proposals suggested by the board."

http://www.stockinformationsystems.com/c/ipre/investors.html