You are correct about it being a holding company and you are right about wanting to bring more of his companies into the holding company. Here is what xZx didn't point out. On the financial reports they listed the preferred shares as being 10 million. That wasn't a mistake. The old authorized preferred shares figure was 1 million. The document filed today actually confirms the 10 million share figure. It also confirms the par value of .00001 is actually the accurate par value for both preferred and common shares. Now the name is correct, the authorized preferred shares are how they want them and the par value is were they want it to be. I believe that these were the factors that were causing trouble with getting the financials reported correctly.
Just my humble opinion, but by increasing the authorized preferred to 10 million, they must be intending on doing something massive with this holding company. Only 300,000 shares of Class C preferred stock are convertible to 750 million shares of common. Only 100,000 shares of Class D preferred stock are convertible to 250 million shares of common. The only new development is that 100,000 shares of Class E preferred stock, which are convertible to 250 million shares of common was added. IMHO, the Class E preferred was added to provide ownership of DOLV/JBMY for the minority partner of the EV company or whatever company(ies) are being brought into the holding company
They didn't raise the number of authorized preferred shares to 10 million for nothing. They are planning for more companies to be brought in under the holding company by making this move.
WOW, this is getting good!!!!
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