Blue Line Protection Group Inc (BLPG)

[i_dont_know]

Another shocker in the filling: Preferred Stock could raised without shareholder approval !!!

The Company is authorized to issue up to 100,000,000 shares of preferred stock. The Company’s Articles of Incorporation provide that the Board of Directors has the authority to divide the preferred stock into series and, within the limitations provided by Nevada statute, to fix by resolution the voting power, designations, preferences, and relative participation, special rights, and the qualifications, limitations or restrictions of the shares of any series so established. As the Board of Directors has authority to establish the terms of, and to issue, the preferred stock without shareholder approval, the preferred stock could be issued to defend against any attempted takeover of the Company.