Tell folks this too about the ss copy and paste from def 14c
CORPORATE ACTION
1.APPROVED A CERTIFICATE OF AMENDMENT TO THE COMPANY’S ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED COMMON STOCK OF THE COMPANY BY TWO BILLION FIVE HUNDRED MILLION (2,500,000,000) TO TWELVE BILLION FIVE HUNDRED MILLION (12,500,000,000) COMMON STOCK SHARES
The shareholders voted on and approved a Certificate of Amendment to the Company’s Articles of Incorporation to increase its authorized common stock by two billion five hundred million (2,500,000,000) common stock shares to a total of twelve billion five hundred million (12,500,000,000) common stock shares. The Company expects to file the proposed Certificate of Amendment, attached as Appendix A to this Information Statement, 20 days after the Definitive Information Statement is first mailed to our shareholders. The Certificate of Amendment will become effective when it has been accepted for filing by the Secretary of State of the State of Nevada.
When the Certificate of Amendment has become effective, the total number of shares of all classes that the Company will have authority to issue is twelve billion five hundred twenty million (12,520,000,000) shares, of which there shall be twelve billion five hundred million common stock shares (12,500,000,000), par value $0.00001 per share, and twenty million (20,000,000) are shares of preferred stock.
VOTING RIGHTS OF SHAREHOLDERS
The Nevada Business Corporations Act. Section 78.320 of the Nevada Revised Statutes, provides, in substance, that, unless a corporation’s Articles of Incorporation provides otherwise, shareholders may take an action without a meeting of shareholders and without prior notice if a consent or consents in writing that sets forth the action so taken is signed by the holders of outstanding voting stock holding not less than the minimum number of votes that would be necessary to approve that action at a shareholders meeting. The action becomes effective when written consents from holders of record of a majority of the outstanding voting power are executed and delivered to the Company.
The increase in the authorized number of Common Stock Shares will enable us to continue regular business operations, provide the ability to engage in potential debt conversions and support possible future financings, acquisitions, and/or such other corporate purposes as the Board determines in its discretion.
VOTING SECURITIES AND PRINCIPAL HOLDERS
As of March 12, 2024 (the “Record Date”), there were 9,505,062,729 Common Stock Shares issued and outstanding, 3,350,000 shares of Series E Stock issued and outstanding, and 2,533 shares of Series F Preferred Stock issued and outstanding. Each share of Common Stock has one vote. There is no cumulative voting. However, under the Company’s Articles of Incorporation, the Series E Preferred Stock (the “Series E Shares”) has voting rights equal to twice the number of votes of all outstanding shares of capital stock; that is, the holders of Series E Shares will always have two-thirds (2/3rds) of the voting power of the Company.
