Zitto Inc (ZTTO)

[DreamGreen]

Regarding the Nevada SOS filing that you shared the details on. I just had the chance to analyze it. Here are my thoughts why I think this is a VERY GOOD thing for LRDR going forward.

It looks like Arcaro just wiped out the preferred shares. Instead of us common shareholders getting wiped out it is just the opposite. Arcaro split the preferred and just wiped out the old preferred shares that insiders held.

You hardly ever see this happen because those insiders holding the shares have control and obviously wouldn’t do anything to hurt their positions. However, in our situation, our new CEO, Joe Arcaro has no preferred shares so it was in his best interest to wipe them out so he could gain control.

Let’s look at the numbers. According to the last filing the preferred shares issued were as follows

Preferred series A - 2
Preferred series B - 118,283
Preferred series C - 45,138

He has split the preferred as follows.

Series A - 4 to 1
Series B - 200,000 to 1
Series C - 100,000 to 1

I believe these ratios were chosen for a reason. If you notice after the decrease there would only be fractional shares of each of the 3 series of preferred left. Most often the terms of a split say fractional shares will not be issued. If that is the case here and I expect it is then all the convertible preferred shares were just wiped off the books!

This is huge for LRDR!