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Thursday, December 26, 2019 10:18:01 AM
" Each share of the Preferred Stock is convertible at the option of the holder or the Company into 1,000 shares of the Company’s Common Stock, par value $0.00001 per share (the “Common Stock”), provided that, at the time of conversion there are a sufficient number of shares of authorized but unissued shares of Common Stock that are not reserved for other purposes. With respect to the payment of dividends, redemption rights and distributions and payments upon liquidation, dissolution or winding up, the Preferred Stock will be equal in rank to the Common Stock and junior in rank to the Company’s Series A Convertible Preferred Stock and all shares of preferred capital stock of the Company that may be issued in the future, unless such preferred capital stock issued in the future is expressly junior in rank to the Preferred Stock.
So it is 150 million if completely executed.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
– Albert Einstein
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