Xalles Holdings Inc (XALL)

[I-Glow]

Let's take a closer look at the Preferred Series Stock.

"As of April 6, 2018, the Company designated 2,000,000 of the 5,000,000 authorized Preferred Shares of par value $0.001, as Series C Convertible Preferred Shares. Each Series C Preferred Share is convertible to 100 common shares and has the voting rights equivalent to the number of common shares that it converts to."

"As of April 19, 2018... the Company issued 1,400,000 Series C Preferred shares to the same officer."

"As of April 20, 2018, the Company issued 20,000 Series C Preferred shares to the shareholder of BlockForge Inc., a Delaware C Corporation, acquired through a Share Purchase Agreement."

"As of April 26, 2018, the Company entered into a Share Purchase Agreement with Co-Owners Rewards Inc., a Florida C Corporation, which upon closing will become a wholly subsidiary of the Company and the Company will issue 157,950 Series C Preferred shares to the shareholders of Co-Owners Rewards Inc."

"On August 3, 2015, the Company filed a Certificate of Designation of Series A Preferred Stock (the "Certificate of Designation”) with the Nevada Secretary of State designating 1,000,000 of the Company's
previously authorized preferred stock. The holders of the Series A Preferred Stock are granted 51% voting power on all matters to be voted on by the holders of the Company’s common stock and is not convertible into any shares of the Company's common stock."

So we have 1,400,000 + 20,000 + 157,950 = 1,577,950 Series C Preferred Shares.

That is 157,795,000 shares of Common stock.

And this is how you can tell if a company is a OTCM scam - the company creates a series of Preferred shares so that the insiders control the vote - and retail shareholders have to sit and watch the insiders do whatever is needed so that they can enrich themselves.

Then we have the following: "The holders of the Series B Preferred Stock are granted 25% voting power on all matters to be voted on by the holders of the Company’s common stock and is not convertible into any shares of the Company's common stock."

So the Preferred shares control 76% of the voting shares.

IG