JP 3E Holdings Inc (JPTE)

[TheIrishIntelligence]

Yes, after eliminating all $SPZI preferred shares, all conversion options, all dilution options, the preferred shares control the company. Chairman Park controls the company. So what? Chairman Park just placed his businesses in the public company. They are his businesses. He should control.

But with respect to a reverse split - which you did not mention but may be referencing - the document you are quoting from but did not post here - says:

"(b) initiating a forward or a reverse split, provided that the majority of each class or series of stock affected by such forward or reverse split entitled to vote, votes in favor of such action, "

There will be no reverse split unless approved by shareholders. Period.