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Monday, January 27, 2020 4:38:45 PM
Boxcar Transportation Corp. currently owns approximately 1.27% of our common stock and 100% of our Series E preferred stock. As holder of the Series E preferred stock Boxcar Transportation Corp. is entitled, voting separately as a single class, to vote double the number of all other voting share resulting in 2/3rds of all votes. As a result, it could exert considerable influence over the outcome of any corporate matter submitted to our stockholders for approval, including the election of directors and any transaction that might cause a change in control, such as a merger or acquisition
Boxcar is a Panamanian registered entity - the sole purpose of course is to hide the true ownership, which in this case is Thomas Cloud. Thomas has been orchestrating these penny stock scams for years together with his father, the late John Thomas ("JT") Cloud. The MO is to hide their ownership while inserting a flunkie at the helm of the company (in this case Sydney Jim - a trust fund baby with literally no experience running a public company - unless you count his stint at the helm of FTTN - another Cloud controlled company) whom they can control via their preferred shares. The whole history (including NTRR) is spelled out here: https://seekingalpha.com/article/3488956-titanic-ten-exposing-10-related-otc-stocks
A little more history on the Cloud family:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=79725082
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=77219962
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=76926537
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