InvestorsHub Logo
Followers 9
Posts 396
Boards Moderated 0
Alias Born 03/23/2009

Re: None

Thursday, 03/25/2010 9:14:39 PM

Thursday, March 25, 2010 9:14:39 PM

Post# of 326350
Exhibit A and Exhibit B question of the upcoming annual stockholders meeting. I noticed that on Exhibit B Article IV (a) it orginally had an amount of 5,025,000,000 crossed out and replaced it with an amount of 75,000,000 which are to be divided into tow classes as follows: 50,000,000 shares of common stock, par value $0.01 per share, and the 25,000,000 shares of preferred stock, par value $0.01 per share.

Then on Exhibit A under the RESOLVED "that the Certificate of Incorporation of the Corporation shall be amended by deleting Article IV thereof in its entirety and replacing it with the following provision: Article IV (a): The total number of shares of capital stock that the Corporation is authorized to issue is 5,025,000,000, which are to be divided into two classes as follows: 5,000,000,000 shares of common stock, par value $0.001 per share and 25,000,000 shares of preferred stock, par value $0.01 per share.

Please help me understand what's going on here?