Flexpower Inc. (FLXP)

[ratso1]

Control and power is what he gets.

Those preferreds represent a voting quorum. According to the bylaws, a quorum is 50% of the 1 share = 1 vote base. Assuming all 11B shares are now issued, then the quorum would be 5.5B shares. With a voting ratio of 30,000,000:1, it would only take 184 Preferred Class B shares to call a special meeting and conduct business items such as the following:

Merger or reorganization of the corporation.
Amendment to the Articles of Incorporation.
Amendment of the Bylaws.
Sale or transfer of all or substantially all of the corporation's assets.
Issuance of certain securities.
Adoption of certain stock option plans.
Dissolution or winding up of the Corporation.

In any of those business decisions, which would normally be decided by the common shareholder, you now have no say. You can hope that whatever those two do (Garr and "Mr. Minaco") is in your best interest, but it may, in fact, be adverse. You are just along for the ride.