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Thursday, April 22, 2021 11:50:23 AM
4. To approve the adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the foregoing proposals (“Proposal 4”).
On July 11, 2014, the board of directors approved the issuance of 51 shares of the Company’s Series A Preferred Stock to a certain
employee of the Company, which is equal to 50.99% of the total voting power of all issued and outstanding voting capital of the
Company in satisfaction of $20,000 in past due debt. These issued shares of preferred stock are outstanding as of December 31, 2020.
As of December 31, 2020, the individual is employed by the Company. On January 7, 2021, the preferred shares were transferred to a
trust whose beneficiary is related to the employee.
Analysis is My Honest Opinion, whether I own or don't own the Security. It is what it is.
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