Bioelectronics Corp (BIEL)

[GetSeriousOK]

This might help: look at the definition of CLASS A SHARES.

https://www.businessinsider.com/personal-finance/stock-types

All Kelly needs to issue Class A stock to herself and/or Patty and/or Rick is BOD approval -- she doesn't need a shareholder vote.

KAST was a good example. Another good example is KRFG. That ticker already had Preferred A and Preferred B shares so the CEO issued Preferred C shares with even MORE voting power to allow the sale of the company.

Class A can be common or preferred but the Custodians always issue the Class shares as Preferred. They do it like snapping their fingers. Must be easier than issuing Common Class and it doesn't increase the O/S.

Welcome to the Pinks.