OWC Pharmaceutical Research Corp (OWCP)

[BruceLake]

With regards to the voting rights of Preferred shares, I was under exactly the same opinion as yours. Although I could not find a specific link that addressed the issue. There are lots of examples online of Delaware corporations that spelled out similar voting rights for its preferred shares.

The only article that I came across that partly addresses voting rights is the following:

https://www.americanbar.org/groups/business_law/publications/blt/2014/01/04_bigler/

The quote that you provided is great and it seems to suggest that indeed Preferred stock could be either voting or non-voting. Here is the link for it. It would be nice to have a few more links reinforcing the same thing.
https://www.delawareinc.com/general-corporation/preferred-stock-vs-common-stock/

I've asked Mr. Turner to get us further clarification from their legal counsel on the issue. Obviously, whether or not the preferred shares can be voted, will have a huge impact on whether or not either of the proposals will carry.