As I read it James zimbler controls and owns company because he has more votes in any company decision thru his Preferred A shares which offer acellerated number of votes, he bot/let in James morrison thru the Regen purchase, gave out Preferred C shares which will/can convert into 100 common stock shares for every 1 Preferred C share, so between the two guys on 1/1/2024 conversion they will have 2,500,000,000 shares so ANY Common stock holder will become meaningless.
The Preferred C shares are why they needed to increase the Authorized shares to 7,500,000,000. currently looks like there are 4,300,000 preferred C shares issued so that will be 4,300,000,000 shares released after they become unrestricted.
Again, any common stock holder will have NO Say in this company as James & James basically own it.
This may not be completely bad if you are under the belief that James/James have the intention of making something happen. Its good to know they cannot completely dilute this for another year.
My prediction and the reason why I am buying is morrison wants to make a company out of this. They will dilute the shares more to build the company because they dont have cash however I do think they will grow this quick enough so investors see a return/value. The fear is always a complete cash drain through share sales. If morrison keeps building this company investors will support the share sales in hopes the company value is growing more/quicker than the dilution.
In end they will probably do a reverse to get the share count down and uplist to better exchange however I think this will be after they have built a company that big investors will buy into and support.
they only have one year to make it happen so expect alot of spending, PR and stock sales. Might be fun to watch.
