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Re: bong747 post# 177416

Tuesday, 03/06/2018 11:53:57 AM

Tuesday, March 06, 2018 11:53:57 AM

Post# of 207104
They have diluted - massively!

300,000 Class C preferred shares were issued to Mr. Wang DeQun on December 2, 2016. Each Class C, Class D and Class E preferred share is convertible into 2,500 common shares and carries 2500 votes before
conversion. 100,000 Class D preferred shares were issued to Wang DeQun on July 14, 2017. 100,000 Class E preferred shares were issued to Wang DeQun on July 14, 2017. During the nine months ended September 30, 2017, Mr. DeQun invested additional paid-in capital to fund the Company’s future operations.

And all voting. That's not just dilution - it's shareholder abuse. Outstanding common equity is going to be taken out behind the woodshed and beaten into oblivion.