Followers | 53 |
Posts | 3489 |
Boards Moderated | 0 |
Alias Born | 02/05/2014 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, November 08, 2017 7:23:24 PM
"Ed how does a company protect themselves from a person or group from buying all the shares up that would give them control if the company?
I believe that Adrian has done that another otc company.
Does this have anything to do with why DNAX a/s is so damn big?"
As I recall, Class F is the control block of stock. Adrian owns every share of Class F has voting rights of something like 35,000 shares of DNAX common.
If Adrian did the math correctly, the total voting rights of the Class F stock, it is more than the total voting rights of all of the other classes combined.
That is why hostile takeovers and shareholder revolt takeovers of most OTC Pinks (and probably other OTC corporations) is not numerically possible.
So no, the only reason the A/S and O/S is so large is to support a staggering amount of dilution in DNAX common stock.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM