There is one person on here thinks Mr.Megas covered all shares going by the votes on the proxy.What he sees is the preferred shares converted as votes and it looks like we have 1.752Bil. shares,but if you take the 15mil shares and their voting power of 15mil x 100 plus the common shares of 252mil you get the 1.752 Bil.But we know that the filings are not true in some peoples eyes:
From the filings of June 11th 2008:
As previously disclosed in our Proxy Statement, filed with the Securities and Exchange Commission (the “Commission”) on May 12, 2008, the persons eligible to vote with respect to the foregoing matters were shareholders of record on May 8, 2008. On May 8, 2008, our record books reflected that we had outstanding 525,035,229 shares of common stock and 15,000,000 shares of Series A Convertible Preferred Stock (“Series A Preferred”) that were eligible to vote. Each share of common stock was entitled to one vote, and each share of Series A Preferred was entitled to 100 votes, which equals the votes of the shares of common stock in to which the Series A Preferred may be converted. As a result, the owners of 252,691,870 shares of common stock and 15,000,000 shares of Series A Preferred voted in favor of each proposal.
Do not cut and paste my posts!!
