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Re: None

Friday, 09/22/2017 2:55:12 PM

Friday, September 22, 2017 2:55:12 PM

Post# of 48225
Based on Financials, whomever owns the 1,000,000 "Preferred" shares, controls 51% voting power of "all" classes of stock.
Annual Report states that entity is "The Lin Han Century Corp."

Preferred Stock
On November 29, 2012, the Company filed a Certificate of Designation that authorized the issuance of up to one million (1,000,000) shares of a new series designated “Series A Preferred Stock,” and established the rights, preferences and limitations thereof. The Series A Preferred Stock have a stated value of $100,000 upon issuance, carry voting power equal to 51 percent of the total voting power of all classes of stock, a dividend preference equal to $0.01 per share, and a conversion option into shares of common stock valued at the time of conversion at 1 million dollars, based on the 5 day trailing average closing price of the Company’s common stock. If not already converted, the preferred stock converts automatically five years after issue into shares of common stock valued at the time of conversion at 2 million dollars, based on the 5 day trailing average closing price of the Company’s common stock.