Custodian Ventures OTC Lazar Plays

[GreekSeas0ning]

A series of preferred shares have been canceled. These can be old promissory notes as made by preferred convertible series of shares..... drum roll please... OR he is canceling the rest of his preferred series he used to convert to sell to commons to pay for his ticker's bills and to line his pockets. In other words, you can have 900 preferred shares and if you only converted like 400 of then then you can cancel the rest of them by dong this.... Why? When you want to sell the ticker off with only one preferred series of shares for the S-1 form this is what you do.