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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.
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