GEX Management Inc (GXXM)

[Werbe]

Hmm why would they need to raise AS for control when they gave themselves super voting rights? They could issue a trillion common shares and they still would own control. They will go Bankrupt very soon. They owe major money. Court cases ongoing, they sold control to shady peeps and are stripping everything.

Effective February 19, 2019, the Board of Directors approved the filing of the COD establishing the designations, preferences, limitations and relative rights of the Company’s Series A1 Preferred Stock (the “Series A1 Preferred Stock”). The Board of Directors authorized the issuance of up to 800,000 shares of Series A1 Preferred Stock, upon the company filing the COD with the Texas Secretary of State. The COD was filed with the Texas Secretary of State on February 21, 2019. The terms of the COD of the Series A1 Preferred Stock include the right to vote in aggregate, on all shareholder matters equal to 51% of the total vote (“Super Majority Voting Rights”). The Series A1 Preferred Stock will be entitled to this 51% voting right no matter how many shares of common stock or other voting stock of the Company are issued or outstanding in the future.

Effective February 19, 2019, the Board of Directors of the Company approved the authorization of eight hundred thousand (800,000) shares of Series A1 Voting Preferred Stock (the “Series A1 Preferred Stock”), having the rights and privileges set forth under Item 5.0.3(the “ Series A1 Preferred Stock ”), approved the issuance to Srikumar Vanamali, the Corporation’s Interim CEO and Executive Director, of four hundred thousand (400,000) shares of this Series A1 Preferred Stock and approved the issuance to Shaheed Bailey, the Corporation’s Interim Chief Investment Officer and Director, of four hundred thousand (400,000) shares of this Series A1 Preferred Stock.