InvestorsHub Logo
Followers 6
Posts 827
Boards Moderated 0
Alias Born 05/20/2016

Re: TRUSTUNITS1000000 post# 5970

Saturday, 04/04/2020 1:45:37 AM

Saturday, April 04, 2020 1:45:37 AM

Post# of 22463
Not a lie - 100% of the voting power (less but once you get over 50 it’s the same as 100 - they don’t even hold proxy votes due to this) but less than 5% of the common which is meaningless anyway. He holds more than 50% of the votes which is the same as holding 100% of the votes which is why you as a shareholder NEVER have received a proxy to vote on anything. See the last S-1. He owns a bit more than 9% of the common stock but 100% of the super voting preferred stock which makes him have a majority voting share so there are never any votes - just Jim Nixon’s decisions. While you are reading, read the part titled Corporate Governance” which says the company has no independent board and no code of ethics. You have no vote, no rights, no reason to ever expect any share of the profits (they can go all to Jim via salary and not the company) and nothing but OTC toilet paper to play with but that can be fun, and in the short-run even profitable.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.