Pulse Beverage Corp. (fka PLSB)

[jacksira]

Series B Preferred, I guess I don't read it like you do? I read this as eviscerating(slicing and dicing) the shareholders. This looks like the creation of a dictator or a king if you ask me. All this theft for $100. If you read this as a positive I guess that is your opinion.

Creation of a paranoid Dictator or King

The statement as it is written.


Item 3.03 Material Modifications to Rights of Security Holders.

As a result of the creation of the Series B Preferred Stock, as described in Item 5.03 below, and the sale of all five Series B Preferred Shares thereby created to Robert E. Yates, as described in Item 3.02 above, Mr. Yates has now secured a controlling interest in the Corporation, and the other existing shareholders, even were they to vote their shares unanimously, represent a minority block
of shareholders in the Corporation, and do not have to power to overrule decisions made by Mr. Yates with respect to the Corporation. As a result, this can be deemed an indirect, but material modification of the rights of other security holders.