Here is the fun part. The 8K states that Lee gets 85% of the company pursuant to a conversion feature of the Preferred Stock or 100,000 Common for each Preferred.
I would love to see the Designation, which has not been filed with Nevada yet, or even authorized for that matter.
So, if they R/S the stock, does the Designation say 85% or 100,000 per Preferred. From the 8K, it was pretty clear it is 100,000 per each Preferred.
If they R/S the Common, he still has 10.5 billion and the Common gets R/S.
That would be a huge blow to Commons.
Pretty nasty they fail to disclose this, and have yet to file the Designation with Nevada.
What a bunch of sleaze from Dea and Lee.