Thanks for the update!
Are you familiar with the share structure and ownership? Do you know what percentage of TXTM is owned by PLPL?
I have a question regarding the share structure:
Who owns the Preferred C Shares. Does PLPL and DPWW own preferred c shares? If so, what percentage? I am concerned that most of my investment is in TXTM and that the Preferred C Share holders could vote and transfer control to PLPL or to DPWW.
According to share structure below(which is a bit confusing to decipher) it states that 1,946,690,324 shares are issued and outstanding (“Common Stock”). It appears tha
like the issued and outstanding preferred class c shares are 9,000,000 X 200 common shares votes per class c shares = 1,800,000,000 votes which is just under 50% of the voting. Do we know who owns the majority of the class c shares? I think I have read somewhere that PLP* and DPW* have a small percentage of shares but not sure how much. Do you think PLP* or DPW* have a portion of these preferred c shares?
"capital structure according to the Company’s recently filed 8K:
Capital of TXTM consists of 10,000,000,000 authorized shares of Common Stock, par value $0.0001, of which 1,946,690,324 shares are issued and outstanding (“Common Stock”) , and 25,000,000 authorized shares of Preferred Stock (of which 9,550,055 are outstanding), par value of $0.001, of which 100,000 shares are issued and outstanding (as amended), 550,055 shares are issued and outstanding as Class B Preferred, and 9,000,000 shares are issued and outstanding as Class C Preferred. Each share of Class C has voting rights attached of 200 common shares on all matters (“Preferred Stock”)
The Capital of PLSA consists of 1,000 authorized shares, of which 100 shares are issued and outstanding, which for the purposes of this agreement shall be referred to as “Capital Shares”. "
