Sunday, April 28, 2024 8:27:56 PM
https://www.otcmarkets.com/otcapi/company/financial-report/398912/content
If I did the math correctly, the voting rights of other classes don't matter because Preferred A voting rights adjust to always have a minimum 51% weight "to approve any action" (page 5) and include a crazy formula which amplifies them further:
13,200,000 outstanding Preferred A
3,187,974,957 outstanding Common Stock
((0.019607 * 3,187,974,957) / .49) - (0.019607 * 3,187,974,957)
= ~65,057,916 votes per "each one (1) share of the Series A Preferred"
= 858,764,488,526,824 votes collectively, which probably trumps all the other voting classes. :P
I believe Preferred A are a control group and not convertible to common.
Older info but I sliced and diced the different share classes back here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168639909
Interestingly, common shares DO NOT have dividend rights (Page 4 of the filing linked above):
Without dividend rights there is no obligation for the company to issue a dividend.
(But they might in goodwill, if they can get regulatory approval.)
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