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Re: TRUSTUNITS1000000 post# 5947

Wednesday, 04/01/2020 5:16:55 PM

Wednesday, April 01, 2020 5:16:55 PM

Post# of 22487
It doesn’t really get you ownership - well at least not ownership of the company - it gets you 10% of the current stock outstanding AT THIS POINT. I don’t know what that means (well I do it means you get to play with those shares on the OTC) but even if you owned 100% of the common stock when Jim Nixon owns a majority voting stake (from the preferred shares) and almost no common and there is no board oversight or shareholders agreement it means you have no protection to ever share in any future potential profits (Jim can legally pay himself all the profits) and it means you can be diluted at Will or spun off or have more shares printed until you only own 1% of the stock -whatever Jim wants to do (I am sure he already thanks everyone for letting him use dilutive stock issuance to pay off the loan that was secured with equity in his house - very nice charity work everyone - easier than gofundme). And no, that isn’t how normal companies work - they rarely have concentrated voting rights without a significant economic stake in the common and they have boards, shareholders rights.

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