The key point to be addressed is the total OS must consist of the total of each class of common stock and those whole numbers cannot exceed the total Authorized common stock.
ie. Class A + Class B cannot exceed the 1.5bil authorized shares (unless Dean raises the A/S again), and the class B has to be equal to 40% of the total O/S.
This is taken from the updated articles of incorporation.
The name of the corporation is Quasar Aerospace Industries, Inc.
ARTICLE II. CAPITAL STOCK
The corporation is authorized to issue the following classes of shares of capital stock: One Billion Five Hundred Million (1,500,000,000) shares of common stock with $0.00001 value per share and Fifty Million (50,000,000) shares of preferred stock with $0.01 value per share. Each holder of common stock shall be entitled to one vote for each share of common stock standing in such holder’s name on the records of the corporation on each matter submitted to a vote of stockholders, except as otherwise required by law or as otherwise determined for a particular series of common stock by resolution of the Board of Directors of the corporation. There shall be no cumulative voting authorized for common stock shareholders. The Board of Directors of the corporation shall have the right to divide the common stock into series, establish the number of shares for any such series, and determine the qualifications, limitations or restrictions of rights thereto; in addition, the Board of Directors may designate, by resolution, such voting rights on a series as it may deem appropriate.
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