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Monday, November 06, 2017 5:09:09 AM
The PREFERRED HOLDERS don't care... their holding convert into 80% ownership of the company regardless of how big the outstanding shares are..
READ CAREFULLY..
http://ih.advfn.com/p.php?pid=nmona&article=76016164
Holders of Preferred Stock are able to vote on all matters presented to the shareholders. Each share of Preferred Stock entitles the holder to the number votes equal to the number of shares of common stock into which the Preferred Stock share may be converted. Each share of Preferred Stock may be converted into the number of shares of common stock equal to 0.00006% of our outstanding shares upon conversion. Therefore, the aggregate of the votes of all of our Preferred Stock is [•], or 80.0% of all votes when combined with the shares held by the holders of common stock.
AMENDMENT TO THE COMPANY’S
ARTICLES OF INCORPORATION
TO INCREASE THE AUTHORIZED COMMON STOCK
General
On November 3, 2017 , the Board of Directors of the Company approved, declared it advisable and in the Company’s best interest and directed that there be submitted to the Shareholders for approval, the prospective amendment to the Third Article of the Company’s Articles of Incorporation , a copy of which is attached hereto as Exhibit A (the “ Amendment ”), to increase the authorized Common Stock from 500,000,000 shares, par value $0.001, to 1,000,000,000 shares, par value $0.001.
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