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Re: JohnRey73 post# 15752

Monday, 02/15/2021 10:12:58 PM

Monday, February 15, 2021 10:12:58 PM

Post# of 29746
Look at the last 10K

https://www.otcmarkets.com/filing/html?id=14206834&guid=9npKUe_QP5TUNyh

Under Note 9:

On July 12, 2018, the Company filed a Certificate of Designation with the State of Delaware amending the designation of its previously designated “Class D Voting Preferred Stock,” designating 100,000 shares of the Company’s preferred stock as “Series D Preferred Stock.” Each share of Series D Preferred Stock entitles the holder to 6,000 votes on all matters submitted to a vote of the Company’s stockholders and is convertible at the election of the holder into a number of shares of common stock equal to the number of outstanding shares of common stock of the Company multiplied by 5 2/3, divided by the number of outstanding shares of Series D Preferred Stock. All of these shares are owned by the Company's management, with control ownership held by the Company's CEO.


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