Protocall Technologies Inc (PCLI)

[solong]

$PCLI - I was asked if the preferred stock might be for one of the parties working on PCLI being merged with xxxx - generally preferred stock is issued to insiders and while they might have a conversion provision, they generally convey voting rights.

Often in a ratio, for example for every preferred share that you control you get 10 (or 100 or 1,000, etc votes on any matters regarding the operation of the company and of interest to shareholders.

It's a method by which the Insiders (CEO/CFO, etc) can exert control. It means that if they want a reverse merger or a reverse split or to expand the A/S, they don't need to ask the shareholders to vote, they simply can state that we have 51% of the voting stock and so things like Proxy statements and shareholder votes are not necessary.

We still don't know the structure of any mergers nor the final structure of the company. We'll find out, I guess when they put out something of interest. But generally, that's why they issue Preferred Shares. It certainly could be for other reasons but until we see filings. It's a decent guess.